autarky

noun

Pronunciation: /ˈɔːtɑːrki/

Definition

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.

• Historians often study the autarky of ancient empires that existed for centuries in relative isolation.

Synonyms of autarky

Words with a similar meaning to autarky:

• self-sufficiency
• independence
• insularity
• isolationism

Antonyms of autarky

Words with the opposite meaning to autarky:

• interdependence
• globalization

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