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Autarky price |
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Autarky pricePrice in autarky; that is, the price of something within a country when it is not traded by that country. Relative autarky prices turn out to be the most theoretically robust (but empirically elusive) measures of comparative advantage.Similar MatchesAutarkyAutarkyThe situation of not engaging in international trade; self-sufficiency. (Not to be confused with "autarchy," which in at least some dictionaries is a political term rather than an economic one, and means absolute rule or power.) AutarkyAutarkyAbsence of a cross-border trade in models of international trade. |
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