What The Advantages And Disadvantages Of Open Economy?


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Anonymous Profile
Anonymous answered
There are quite a few advantages of an open economy. They are:
• The primary advantage is that the consumers can choose from a large variety of goods.
• An open economy increases the opportunity of direct foreign investment.
• Another benefit of an open economy is that it is more flexible.
• An open economy has a greater chance of adjusting itself with the changes taking place in world economy.
Anonymous Profile
Anonymous answered
Advantage- can do marketing and can recognize lot of countries.
Disadvantage-there will be lot of problems because of the cultures and religions of other countries

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