Economic independence refers to the ability of an individual or a group to support themselves financially without relying on external assistance. This can involve having a stable income, savings, and the skills necessary to manage personal finances effectively. Economic independence allows people to make choices that align with their values and goals, leading to greater personal freedom. For countries, economic independence means having a self-sufficient economy that can produce goods and services without excessive reliance on imports. This can enhance national security and stability, as it reduces vulnerability to global market fluctuations and external economic pressures. Achieving economic independence often involves investing in local industries and fostering innovation.