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