Tag Archives: John Lewis

Autarky

Autarky or self-sufficiency [not to be confused with autocracy] is in economics the situation in which a country is independent of the importation of foreign goods. In the past several groups have aimed to achieve autarky. The primary reason for doing so is to reinforce national sovereignty. The less one depends on the supply of others, the less vulnerable one is for outside pressure. Continue reading Autarky