Which term refers to self-sufficiency in a country's economic policy?

The term that refers to self-sufficiency in a country's economic policy is "autarky." In the context of economic policy, autarky describes a situation where a nation strives to sustain itself without relying on external trade or imports. This approach emphasizes complete independence in producing all necessary goods and services domestically, thereby relying solely on its own resources and capabilities.

Autarky is often associated with various ideological motivations, such as promoting national security or fostering economic stability by reducing vulnerability to global market fluctuations. Countries that adopt autarkical policies aim for robust domestic production to meet the needs of their population, which can lead to trade barriers or restrictions on foreign goods and services.

The other terms represent different concepts in international relations and economics. Dependence implies reliance on other nations for goods, services, or economic stability. Interdependence reflects a mutual reliance between countries, where nations benefit from trade and cooperation. Hegemony relates to dominance or leadership by one country over others in a political or economic context. Understanding these distinctions is crucial in analyzing a nation's economic strategy and its position in the global market.