autarky
noun
Meaning
A state of economic self-sufficiency where a country or entity functions without relying on external trade or imports.
Examples
- The regime pursued a policy of autarky to insulate the domestic economy from global market fluctuations.
- Complete autarky is rarely achievable in the modern world due to the complex interdependence of global supply chains.
Synonyms: self-sufficiency, independence, insularity, isolationism