define autarky
Definition of Autarky: Autarky is an economic policy to have a closed economy and not allow any external trade. In practice a policy of autarky may refer to attempts toâ¦ Definition of Autarky: Autarky is an economic policy to have a closed economy and not allow any external trade. In practice a policy of autarky may refer to attempts to reduce a countryâs dependence on external trade. For example, imposing tariffs and quotes may restrict trade even if it can not be entirely abolished.