What is economic self relience?

Economic self-reliance refers to the ability of individuals, communities, or nations to sustain themselves by producing and managing their own resources effectively, thereby reducing dependence on external entities. It emphasizes local production, self-sufficiency, and the development of skills and capacities to meet basic needs. This concept often promotes sustainable practices and resilience against economic shocks, fostering a sense of autonomy and empowerment. Ultimately, economic self-reliance aims to enhance local economies and improve overall quality of life.