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- Q1929451 subject Q4026633.
- Q1929451 subject Q5545883.
- Q1929451 subject Q6527198.
- Q1929451 subject Q7011996.
- Q1929451 subject Q8168518.
- Q1929451 abstract "An open economy is an economy in which there are economic activities between the domestic community and outside (people, and even businesses, can trade in goods and services with other people and businesses in the international community, and funds can flow as investments across the border). Trade can take the form of managerial exchange, of technology transfers, and of all kinds of goods and services. (However, certain exceptions exist that cannot be exchanged - the railway services of a country, for example, cannot be traded with another country to avail this service, a country has to produce its own.) This contrasts with a closed economy in which international trade and finance cannot take place.The act of selling goods or services to a foreign country is called exporting. The act of buying goods or services from a foreign country is called importing. Together exporting and importing are collectively called international trade.There are a number of economic advantages for citizens of a country with an open economy. One primary advantage is that the citizen consumers have a much larger variety of goods and services from which to choose. Additionally, consumers have an opportunity to invest their savings outside of the country.If a country has an open economy, that country's spending in any given year need not equal its output of goods and services. A country can spend more money than it produces by borrowing from abroad, or it can spend less than it produces and lend the difference to foreigners.As of 2014 no totally closed economy exists.".
- Q1929451 wikiPageWikiLink Q1061910.
- Q1929451 wikiPageWikiLink Q12695.
- Q1929451 wikiPageWikiLink Q1570293.
- Q1929451 wikiPageWikiLink Q159810.
- Q1929451 wikiPageWikiLink Q1774161.
- Q1929451 wikiPageWikiLink Q1775867.
- Q1929451 wikiPageWikiLink Q178803.
- Q1929451 wikiPageWikiLink Q182722.
- Q1929451 wikiPageWikiLink Q200535.
- Q1929451 wikiPageWikiLink Q2048185.
- Q1929451 wikiPageWikiLink Q215627.
- Q1929451 wikiPageWikiLink Q22855.
- Q1929451 wikiPageWikiLink Q2424752.
- Q1929451 wikiPageWikiLink Q309070.
- Q1929451 wikiPageWikiLink Q4026633.
- Q1929451 wikiPageWikiLink Q42138.
- Q1929451 wikiPageWikiLink Q473741.
- Q1929451 wikiPageWikiLink Q4830453.
- Q1929451 wikiPageWikiLink Q5545883.
- Q1929451 wikiPageWikiLink Q6256.
- Q1929451 wikiPageWikiLink Q62955.
- Q1929451 wikiPageWikiLink Q6527198.
- Q1929451 wikiPageWikiLink Q66100.
- Q1929451 wikiPageWikiLink Q6998434.
- Q1929451 wikiPageWikiLink Q7011996.
- Q1929451 wikiPageWikiLink Q7406919.
- Q1929451 wikiPageWikiLink Q789788.
- Q1929451 wikiPageWikiLink Q8168518.
- Q1929451 comment "An open economy is an economy in which there are economic activities between the domestic community and outside (people, and even businesses, can trade in goods and services with other people and businesses in the international community, and funds can flow as investments across the border). Trade can take the form of managerial exchange, of technology transfers, and of all kinds of goods and services.".
- Q1929451 label "Open economy".