Autarky

  

Categories: International, Econ, Forex

A fancy term that means a country is self sufficient on the economic front. They do not need international trade to get everything they need...their domestic production does the job.

The term can refer to economy as a whole, or it can relate to a particular sector. Take food production as an example. A country like Israel might strive to be autarky as it relates to food because it is difficult to import into the country.

Related or Semi-related Video

Finance: What is a Sector Fund?5 Views

00:00

Finance allah shmoop What is a sect or fund All

00:06

right Well star wars and star trek captains are all

00:09

these barking about setting coordinates for sector for stat or

00:14

whatever they say That means urgent in the future right

00:16

We'll hear space here's sector four and it's Ah well

00:19

kind of a slice of space Ok now come back

00:23

to earth gently And as it applies to mutual funds

00:26

it's kind of the same notion that is A sector

00:29

comprises a particular discipline of investing Like think of it

00:34

like a slice of the s and p five hundred

00:36

Like one sector of the economy is banking Another is

00:40

tech Another is telecommunications And then there's oil and transport

00:45

And consumer durables in each of these areas has hundreds

00:48

of ways in which investors can invest in that particular

00:52

sector That is there are index funds that invest in

00:55

it Yeah Mutual funds hedge funds private equity funds Even

00:59

venture capital funds Each of whom has a particular discipline

01:02

or focus on lee in one sector More less so

01:06

why would you want to sector fund Well if you

01:08

believe that oil was about tohave an explosion in demand

01:12

the good kind of explosion Then you'd want to beam

01:14

or exposed to it financially at least to its upside

01:18

Then say you would technology which you feel has gotten

01:21

too expensive in the markets And its best days are

01:24

behind it It's A little like putting several of your

01:26

eggs into one particular basket because you really like that 00:01:30.519 --> [endTime] basket

Up Next

Finance: What is Balance of Trade?
14 Views

What is Balance of Trade? Balance of trade is just the difference between imports and exports in a country. When imports outweigh exports, there is...

Finance: What is a strong dollar?
3 Views

A strong dollar is one that has earned trust on an international scale. It reflects a reliable currency...at least, more reliable than that of othe...

Find other enlightening terms in Shmoop Finance Genius Bar(f)