Economic Independence

Economic independence refers to the ability of a person, community, or country to sustain itself financially without relying on external support or resources. For individuals, it means having enough income and assets to cover their own needs and make choices freely. For communities or nations, it involves developing local industries, resources, and trade systems, reducing dependence on imports or foreign aid. Achieving economic independence fosters self-reliance, resilience to external shocks, and greater control over one's financial future, contributing to overall stability and growth.