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Autarky

From Simple English Wikipedia, the free encyclopedia
Revision as of 23:15, 13 June 2006 by 212.242.62.75 (talk) (da:)

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 doesn't 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.