AUTARKIC Meaning and
Definition
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Autarkic refers to a system or policy adopted by a nation, organization, or individual that aims at achieving self-sufficiency, independence, or economic isolation. This term is derived from the concept of autarky, which refers to the ability to rely solely on oneself or one's own resources without external aid or interference.
In an autarkic system, there is a deliberate effort to reduce or eliminate dependence on imports and foreign trade. This can be accomplished through various means such as imposing high tariffs, implementing strict import controls, promoting domestic production capabilities, and prioritizing self-reliance in key sectors. The objective behind such an approach is to enhance national security, strengthen economic stability, and protect local industries from external competition.
Autarkic policies can have both positive and negative implications. On one hand, they can create a sense of self-sufficiency and minimize vulnerability to global economic fluctuations. They may also stimulate the growth of domestic industries, resulting in job creation and technological advancements. On the other hand, relying solely on domestic resources can limit access to diverse goods and services, potentially hampering innovation and efficiency. Autarkic systems might also invite retaliation from trading partners through trade barriers and restrictions, thereby affecting overall economic growth.
In summary, autarkic refers to a system or policy pursued with the aim of achieving self-sufficiency, independence, and economic isolation. It involves reducing dependence on imports and foreign trade while prioritizing domestic resources and capabilities.
Common Misspellings for AUTARKIC
- zutarkic
- sutarkic
- wutarkic
- qutarkic
- aytarkic
- ahtarkic
- ajtarkic
- aitarkic
- a8tarkic
- a7tarkic
- aurarkic
- aufarkic
- augarkic
- auyarkic
- au6arkic
- au5arkic
- autzrkic
- autsrkic
- autwrkic
- autaric
- Putmarkit
- autorhic
- autaritc
- Autiallic
Etymology of AUTARKIC
The word "autarkic" derives from the Greek term "autarkēs", which means "self-sufficient" or "self-supporting". It is a combination of the prefix "autos" meaning "self" and the adjective "arkhēs" meaning "sufficient" or "self-supporting". "Autarkic" first appeared in English during the early 20th century and is commonly used to describe economic or political systems that aim to be self-reliant and independent.
Similar spelling words for AUTARKIC
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