Definition of siege economy in English:

siege economy

Syllabification: siege e·con·o·my

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.

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Word of the day maelstrom
Pronunciation: ˈmālˌsträm
noun
a powerful whirlpool in the sea

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