Meaning of the word "self sufficiency" in English

What does "self sufficiency" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

self sufficiency

US /ˌself səˈfɪʃənsi/
UK /ˌself səˈfɪʃənsi/

Noun

the ability to provide for one's own needs without external help

Example:
The community aimed for complete self-sufficiency in food production.
His goal was to achieve financial self-sufficiency.