economic interdependence

Definition

A relationship between two or more people, regions, nations or other entities in which each is dependent on the other for necessary goods or services. Economic interdependence often occurs when all parties are specialized in the fulfillment of some requirements, and must trade with others for unmet requirements.

Use this term in a sentence

You should always try and get economic interdependence so that you know you have someone to rely on in the futuer.

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My boss encouraged our CEO to open a new subsidiary in Mexico because of the economic interdependence between that country and the United States.

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The USA and Japan have an economic interdependence, since the USA provides Japan with needed food and Japan provides the USA with needed electronic equipment.

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