International Economics is the study of how countries interact with each other regarding trade, investment, and finance. It's a fascinating subject that can help you understand the global economy and its impact on your daily life. Whether you're
International Economics
Autarky Explained: Self-Sufficiency vs. Global Trade (Advantages & Disadvantages)
What's it: Autarky is a system or philosophy in which an economy seeks to be self-sufficient. If a country adopts this system, it will try to meet its needs from within. And suppose the country is not involved in international trade or capital flows.