autarky
Meaning
economic independence or self-sufficiency (স্বয়ংসম্পূর্ণতা)
Pronunciation
অটাৰ্কি (ôṭārki)
Synonyms
self-sufficiency, independence, self-reliance, isolation, self-sustainability, autonomy, solitude, quarantine
Synonyms
This farm is a model of self-sufficiency in food production.
Independence from foreign goods can strengthen the local economy.
Self-reliance is vital for a country's growth.
Isolation from global markets may have some benefits.
Self-sustainability is essential for ambitious projects.
Countries aim for autonomy in various sectors.
Solitude can lead to a deeper understanding of oneself.
Quarantine may provide a feel of autarky.
Antonyms
Dependency on foreign economies can inhibit growth.
Globalization leads to interconnected trade.
Countries often rely on imports for essential goods.
Foreign trade can enhance economic relations.
Collaboration on international projects often brings prosperity.
Economic integration can reduce barriers between countries.
The association of nations can promote joint efforts.
Exposure to global markets increases opportunities.
Phrases
The country adopted a policy of economic autarky.
Some nations experience forced autarky due to sanctions.
National autarky can be an important strategy in times of crisis.
Governments may implement autarkic policies to boost local industries.
The autarky strategy proved effective during the recession.