Autarky for Dummies
noun
pronunciation: 'ɔtɑrkiWhat does Autarky really mean?
Autarky means being self-sufficient or independent, particularly in terms of economic and political matters. It's like when you have everything you need and you don't rely on anyone else to get it.
Okay, let's imagine you have your own little garden at home. You plant different types of vegetables like carrots, tomatoes, and lettuce. You take care of them, watering them and making sure they get enough sunlight. Over time, your veggies grow big and healthy. Now, here comes the exciting part: instead of going to the store and buying vegetables, you can just go to your garden and pick the ones you want to eat - how cool is that?
Well, autarky is a bit like your garden. It's when a country, instead of relying on other countries to get what it needs, tries to produce everything it wants within its own borders. Just like you are self-sufficient with your garden, a country practicing autarky tries to be self-sufficient with its resources and goods.
When a country becomes autarkic, it aims to cut down on importing things from other countries. They want to develop their own industries, grow their own crops, and produce all the things they need right at home. It's like being in a little bubble, where the country tries to meet its own needs without depending on others.
Now, this doesn't mean a country practicing autarky completely cuts off from the rest of the world. It's more like trying to reduce their reliance on others. It can be done for various reasons - maybe a country wants to protect its economy, or they want to have more control over their resources, or they want to become less vulnerable to international conflicts or trade restrictions.
Let's go back to your garden for a moment. Just like you can't grow everything you need in your little garden (because you still need to go to the grocery store for some things like milk or bread), a country practicing autarky might not be able to produce absolutely everything it needs. Some resources may be scarce or just not available within their own borders. But they try their best to be as independent as possible.
All in all, autarky means trying to be self-reliant, producing and providing for your own needs as much as possible without relying on others. It's like having your own little world where you do things by yourself and for yourself.
Revised and Fact checked by Michael Rodriguez on 2023-10-28 04:28:46
Autarky In a sentece
Learn how to use Autarky inside a sentece
- An example of autarky is when a person grows their own fruits and vegetables in their backyard, without needing to buy them from a store.
- Another example of autarky is when a country produces all the goods and resources it needs, without relying on imports from other countries.
- If a family decides to generate their own electricity using solar panels and doesn't need to depend on a power company, that's an example of autarky.
- Imagine a small island that has its own fishing boats, farms, and factories to produce everything its inhabitants need. This island is practicing autarky.
- When a person starts a small business and produces everything themselves, from making the product to selling it, they are practicing autarky.
Autarky Synonyms
Words that can be interchanged for the original word in the same context.
Autarky Hypernyms
Words that are more generic than the original word.