Definition, Meaning & Synonyms

autarky

Noun

/ˈɔːtɑːrki/

Definition

A system of economic self-sufficiency and independence from external markets.

Examples

The government aimed to achieve autarky to boost local industries.
During times of war, some nations have pursued autarky to ensure they rely on their domestic resources.
Autarky may lead to inefficiencies but can provide stability in uncertain economic times.

Meaning

Autarky refers to a state in which a country, community, or individual does not engage in international trade and relies solely on its own resources and production.