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Autarky (Noun)

Meaning

Economic independence as a national policy.

Classification

Nouns denoting natural processes.

Examples

  • The country's goal of autarky led to significant investments in domestic manufacturing and agriculture.
  • The new government's policies were designed to promote autarky by reducing reliance on foreign imports.
  • Critics argued that the pursuit of autarky would lead to economic stagnation and isolation from the global market.
  • The concept of autarky as a national policy has been debated among economists, with some arguing that it is unrealistic in a globalized world.
  • The country's efforts towards autarky were severely hindered by its lack of natural resources and limited domestic production capacity.

Synonyms

  • Autarchy

Hypernyms

  • Independency

Related Words

  • Autarkical (adjective)
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