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1. Dictionary

   autarky

   /ˈɔːtɑːki/

   noun

   • 1. economic independence or self-sufficiency: "rural community autarchy is a Utopian dream"
   • ▪ a country, state, or society which is economically independent.

   Word Origin early 17th century: from Greek autarkeia, from autarkēs ‘self-sufficiency’, from autos ‘self’ + arkein ‘suffice’.

   Derivatives

   • 1. autarkic adjective
   • 2. autarkical adjective
   • 3. autarkist noun

   Scrabble Points: 14

   • A

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   • U

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   • T

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   • A

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   • R

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   • K

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   • Y

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2. People also ask

   What does autarky mean in economics?

   • Third, autarky means being independent in making economic policies. Policymakers do not have to bother considering other countries when making policies. Thus, the choice taken is entirely for domestic interests. Fourth, self-sufficiency minimizes negative effects such as recession and depression from spreading to the domestic economy.

   Autarky: Examples, Pros, and Cons - Penpoin. [2023]

   penpoin.com/autarky/

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   Why is autarky important?

   • This also applies to the economic aspect. Autarky aims to reduce the foreign economy affecting the domestic economy. A country strives for national self-sufficiency. Therefore, it minimizes potential economic threats or problems when interacting with other countries.

   Autarky: Examples, Pros, and Cons - Penpoin. [2023]

   penpoin.com/autarky/

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   What is autarky philosophy?

   • Autarky has its roots in Hegelian philosophy. It called for a state to focus on the economic and political forces tied to the nation-state. Hegelian philosophy also views foreign trade as a threat to the overall health and growth of the country. Hegelians view power should be concentrated on the great people and their intellectuals.

   Autarky: Examples, Pros, and Cons - Penpoin. [2023]

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   What is an example of an autarkic economy?

   • The Nazis tried to gain power by expanding the surrounding countries, maximizing trade within their own economic bloc, and eliminating trade with outsiders. Other examples of an autarkic economy are Japan in the 1600s and 1850s and Spain in the 1940s and 1950s. Meanwhile, no country has adopted complete autarky in today’s modern economy.

   Autarky: Examples, Pros, and Cons - Penpoin. [2023]

   penpoin.com/autarky/

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3. www.vocabulary.com › dictionary › autarkyAutarky - Definition, Meaning & Synonyms | Vocabulary.com

   www.vocabulary.com › dictionary › autarky

   Jun 29, 2024 · the "autarky" family. economic independence as a national policy.

4. penpoin.com › autarkyAutarky Explained: Self-Sufficiency vs. Global Trade ...

   penpoin.com › autarky

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   Jun 25, 2024 · What’s it: Autarky is a system or philosophy in which an economy seeks to be self-sufficient. If a country adopts this system, it will try to meet its needs from within. And suppose the country is not involved in international trade or capital flows. In that case, we call it a closed economy or complete autarky.

5. Videos

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     Autarky (Closed Economy*) vs. FreeTrade: Definitions, Explanation/Comparison and Examples

     24 Mar 2019

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     🔵 Autocratic - Autarchy vs Autarky - Autocrat Meaning - Autocratic Examples - Formal English

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     What is the meaning of the word AUTARKY?

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6. virtualworkersofamerica.com › 10-characteristics10 Characteristics of Autarchy – Virtual Workers of America

   virtualworkersofamerica.com › 10-characteristics

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   4 days ago · Types of autarky; There are two ways to classify autarky: Permanent autarky or temporary autarky. Depending on the length of the autarchic period, one may speak of a stage of self-sufficiency or rather of something programmatic and permanent. Absolute or relative self-sufficiency.

7. www.linkedin.com › pulse › why-autarky-very-bad-ideaWhy Autarky is a very bad idea - LinkedIn

   www.linkedin.com › pulse › why-autarky-very-bad-idea

   Jun 21, 2024 · Autarky, or self-sufficiency: a country aims to be completely independent of foreign trade and production.

8. en.wikipedia.org › wiki › Free_tradeFree trade - Wikipedia

   en.wikipedia.org › wiki › Free_trade

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   20 hours ago · Free trade is a trade policy that does not restrict imports or exports. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, [1] [2] [3] [4] the opposite of free trade.

9. fastercapital.com › contentEconomic diversification: Achieving Economic Diversification ...

   fastercapital.com › content

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   Jun 11, 2024 · Identifying key sectors for diversification in an autarky is crucial for achieving economic diversification. By focusing on sectors such as agriculture, manufacturing, renewable energy, tourism, and technology, an autarky can reduce reliance on external factors, create employment opportunities, and promote sustainable economic growth. Through ...

10. www.vocabulary.com › dictionary › independencyIndependency - Definition, Meaning & Synonyms | Vocabulary.com

    www.vocabulary.com › dictionary › independency

    4 days ago · noun. freedom from control or influence of another or others. synonyms: independence. see more. Cite this entry. Style: MLA. "Independency." Vocabulary.com Dictionary, Vocabulary.com, https://www.vocabulary.com/dictionary/independency. Accessed 02 Jul. 2024. Copy citation. Examples from books and articles. loading examples... Word Family.