ROMSO Cyprus Knowledge Base
Self-sufficiency
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Self-sufficiency is the economic independence of a private household, region or state through the complete or partial self-sufficiency of goods and services.
Etymology
Purely linguistically, the general term self-sufficiency is borrowed from ancient Greek autárkeia (αὐτάρκεια), poetically autarkía (αὐτάρκία), as well as autárkēs (αὐτάρκης) "sufficient of itself, possessing sufficient resources, independent", autós (αὐτός) "self, own" and arké͞in (ἀρκεῖν) "defy, help, suffice, suffice".
On the one hand, self-sufficiency is referred to as the state in which, for example, man “suffices himself”, i.e. no longer needs another person and is independent of all external goods. On the other hand, this use is attributed to Aristotle, the autarchy simply refers to a “sufficient livelihood” of man. In this context, the term is also connotatively equated with “satisfied” or “safe”.
The adjective self-sufficient means to be “dependent on no one’s support or direction.” It can describe, among other things, persons, organizations or departments in companies that can act independently and independently and is applied in biology, computer science, ecology, psychology and politics. Especially for regions and countries, the aspect of economic independence comes to the fore.
In today’s language, the term self-sufficiency is used primarily in the economic context, usually expressing the material and economic independence of an individual, a group or a state. Completely self-sufficient economically would be a country that owns or produces everything it needs, or that limits its needs to what it produces. In these aspects, self-sufficiency describes a state of self-sufficiency in which a country is no longer dependent on the import or export of goods and can renounce all foreign financial transactions, in other words has acquired complete economic independence.
Synonyms for self-sufficient are: independent, sovereign, independent, free, independent, autonomous, unbound.
Measurement
Self-sufficiency with certain products can be measured by the degree of self-sufficiency. This economic indicator compares gross domestic production with consumption in a state. In the case of agricultural products, the degree of self-sufficiency plays a major role, because these satisfy the basic need for food, which should not be met by imports if possible. It shall indicate the extent to which the security of supply objective has been achieved. However, in many industrialised countries, some agricultural products have a self-sufficiency of 100% or more. Here there is partial self-sufficiency through self-sufficiency (subsistence economy). With self-sufficiency, agricultural protectionism is close