Economics · Autarky
Which of the following best defines the economic concept of 'Autarky'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A monetary policy aimed at hyperinflating the domestic currency to reduce public debt
- 2An economic alliance where neighboring countries form a common free trade zone
- 3A system where all major industries are fully nationalised and controlled by the state
- 4A state of complete economic self-sufficiency and self-reliance, independent of foreign trade✓
Correct answer
A state of complete economic self-sufficiency and self-reliance, independent of foreign trade
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