Usually means: Trade with external economies allowed.
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We found 8 dictionaries that define the word Open economy:

General (2 matching dictionaries)
  1. open economy: Dictionary.com
  2. Open economy: Wikipedia, the Free Encyclopedia

Business (6 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. INVESTORWORDS (No longer online)
  3. Open economy: Deardorff's Glossary of International Economics
  4. Accounting, Business Studies and Economics Dictionary (No longer online)
  5. BusinessDictionary.com (No longer online)

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Definitions from Wikipedia (Open economy)

▸ noun:  An open economy refers to an economy in which both domestic and international entities participate in the trade of goods and services.


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