economic power JUST WRITTEN FOR YOU
/ɪˌkɒn.ɒm.ɪk ˈpaʊər/ · e.co.nom.ic.pow.er
noun
- The ability of a country, organization, or individual to influence or control economic activities, such as trade, investment, or production. The country's economic power allowed it to negotiate favorable trade agreements with other nations.
- The economic strength or influence of a particular industry, sector, or group within an economy. The tech industry has significant economic power in the global economy.
adjective
- Relating to or characterized by economic power or influence. The economic powerhouse of the region is a major driver of growth and development.
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Did you know? The concept of economic power has been a driving force behind many historical events, including the rise and fall of empires and the formation of global economic alliances.