Autarky
From Wikipedia, a free encyclopedia written in simple English for easy reading.
Autarky is an economy that does no trade with the outside world. It is called a self sufficient economy or a closed economy too. It does not need any other countries or regions helping.
Autarky is rare in the modern world. An example of a currently run autarky is North Korea, but even it makes a small amount trade between some countries, like China and Japan.
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