A policy of national self-sufficiency and economic independence is called:

Question

Quizplus · Accepted Answer

Autarky is a policy aimed at achieving economic self-sufficiency and independence. It involves reducing or entirely eliminating dependence on imports and foreign trade, often through protectionist measures such as tariffs and quotas. Embargo refers to a government order that restricts or prohibits trade with another country. Free trade emphasizes the exchange of goods and services between countries without restrictions or barriers. A tariff is a tax imposed on imported goods to protect domestic industries.

A Policy of National Self-Sufficiency and Economic Independence Is Called