Economic self-reliance

Economic self-reliance refers to a country's or community’s ability to meet its needs without heavily depending on others for resources, trade, or financial support. It involves developing local industries, fostering innovation, and managing resources efficiently so that economic stability and growth are maintained internally. This reduces vulnerability to external economic shocks and enhances independence, allowing a nation to sustain its population and improve living standards through its own efforts. In essence, it’s about building a resilient economy that can thrive with minimal external reliance.