economic power

Economic power refers to the ability of individuals, organizations, or countries to influence markets, set prices, and shape economic outcomes through control of resources, wealth, or productive capacity. It determines how much leverage one has in decision-making processes related to trade, investment, and policy. Countries with strong economic power can negotiate better deals, impact global economic trends, and support their citizens' well-being. Essentially, it reflects the capacity to shape economic conditions and secure advantages in resources and opportunities.