A private closed economy includes households, businesses but not government or international trade.
What is a private closed economy?
A private closed economy is an economy that is driven by consumer spending and business investment. There is no contribution from the government. Also a private closed economy is closed off from the import or the export of goods and services.
Please find attached the complete question. To learn more about private closed economy, please check: https://brainly.com/question/24244648
#SPJ1
