noun
- The policy or practice of a country or region achieving economic self-sufficiency and independence by producing all or most of its own goods and not relying on imports.
- A state or condition of being self-sufficient; independence from external resources or support.
Usage: Also spelled 'autarchy' (less common).; Often used in political and economic contexts.
Usage: Broader philosophical or general use.
Examples
- The country pursued a policy of autarky to reduce its dependence on foreign trade.
- During the embargo, the nation attempted autarky by developing domestic industries.
- Economic autarky is difficult to achieve in the modern globalized world.
- The government's autarky strategy aimed to make the region completely self-sufficient.
- Some economists argue that complete autarky is neither practical nor desirable.
- The island nation sought autarky to protect its economy from external shocks.