Closed economy (封闭经济)

A closed economy (封闭经济 fēng bì jīng jì) refers to a type of economy that has no international trade, that is, there are no imports and exports and produce everything consumer demanded within the country. The economy is completely self-sufficient. Also see: open economy.

Part 1: Breakdown of Words

  • “Closed” (封闭 fēng bì) as in a closed system (封闭系统 fēng bì xì tǒng).
    • “ (fēng) as in “blockade” (封锁 fēng suǒ), “front cover” (封面 fēng miàn), “envelope” (信封 xìn fēng), or “seal” (密封 mì fēng).
    • ” (bì) as in “shut down” (关闭 guān bì), “Autism” (自闭症 zì bì zhèng), or “atresia” (闭锁 bì suǒ).
  • “Economy” (经济 jīng jì) as in “planned economy” (计划经济 jì huà jīng jì), “open economy” (开放经济 kāi fàng jīng jì), or “economy of scale” (规模经济 guī mó jīng jì).
    • ” (jīng) as in “often” (经常 jīng cháng), “experience” (经验 jīng yàn), or “classic” (经典 jīng diǎn).
    • ” (jì) as in “relief” (救济 jiù jì), “aid the poor” (济贫 jì pín), or “give material assistance to” (接济 jiē jì).
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