Autarky

Closed Economy: Self-Sufficient Economic System
A Closed Economy is a self-sufficient economic system in which all production and consumption are contained within itself, with no external trade.
Autarky: Definition, Principles, and Real-World Examples
Explore the concept of autarky, an economic system characterized by self-sufficiency and limited trade. Learn about its principles, types, historical and modern-day examples, implications, and related economic terms.

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