Definition of siege economy in English:

siege economy

Line breaks: siege econ|omy

noun

  • An economy in which import controls are imposed and the export of capital is curtailed.
    More example sentences
    • When strategic bombing was added to blockade as a means of economic warfare, the siege economy gradually collapsed.
    • The country needs help opening up after operating a siege economy for so long.
    • To the extent that they had any alternative policies, they demanded import controls, which would have created a siege economy, provoked retaliation and trade war and led to immense hardship for working people.

More definitions of siege economy

Definition of siege economy in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day astrogation
Pronunciation: ˌastrə(ʊ)ˈgeɪʃ(ə)n
noun
(in science fiction) navigation in outer space