Definition

A system where a country or region does not rely on imports and aims to be self-sufficient in its economy.

Example

The government implemented autarky to reduce dependence on foreign goods.

Conversation

Have you ever heard about the concept of autarky?

Yeah, it’s all about being self-sufficient, right?

Exactly! Some countries aim for autarky to avoid relying on imports.

That makes sense, especially in times of economic uncertainty.

Synonyms & Antonyms

Root Explanation

Autarky is formed from "auto-" (meaning self) and "arkhein" (meaning to rule or govern). The term describes a system where a country or entity is self-sufficient and does not rely on external assistance or trade.

Memory Tip

Think of 'self' ('auto-') governing or ruling ('arkhein') — that's why autarky means being self-sufficient.

Visually Confused Words