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autarchy
This term operates in two distinct spheres: economics and political science. In an economic sense, it describes a state of total self-sufficiency where a nation eliminates imports and exports to avoid external dependence. This is often viewed as a risky or idealistic strategy compared to the more common "autarky," though the two are frequently used interchangeably in academic literature.
In a political context, the word denotes a regime of absolute rule. It is closely related to "autocracy," but while autocracy emphasizes the process of rule by one, autarchy emphasizes the absolute nature of the power held by that individual. It carries a formal, scholarly register and is rarely used in casual conversation.
Meanings
The state of being self-sufficient, particularly in terms of economic independence or the avoidance of foreign trade.
Examples
The isolated island nation pursued a policy of strict autarchy to avoid foreign influence.
He dreamed of creating a small colony based on total autarchy.
The regime shifted toward autarchy by banning all luxury imports.
Is true economic autarchy even possible in a globalized world?
The empire collapsed under the weight of its own rigid autarchy.
The king established an autarchy where his word was the final law.
I wonder if the city state can survive such an extreme level of autarchy.
The transition from a republic to an autarchy happened overnight.