Autarky is an economic term that refers to a situation in which a country, region, or entity is self-sufficient and does not engage in international trade. In an autarkic economy, all goods and services needed are produced domestically, and there is little to no reliance on imports or exports. The main characteristics of autarky include: 1. **Self-Sufficiency:** A focus on producing all essential goods and services within the borders of the country or region.
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