List the four main participants in a closed economy?

Question: List the four main participants in a closed economy?

The four main participants in a closed economy are households, firms, government, and the central bank. 

1. Households: Households are the consumers of the economy that use their income to purchase goods and services from firms. 

2. Firms: Firms are the suppliers of the economy that produce goods and services for sale to households. 

3. Government: The government is responsible for setting economic policy, distributing resources, and managing the economy. 

4. Central Bank: The central bank is the financial institution responsible for managing the money supply and setting monetary policy.

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