economic power

  

Definition

Condition of having sufficient productive resources at command that give the capacity to make and enforce economic decisions, such as allocation of resources and apportioning of goods and services.

Use economic power in a sentence

  • The rich have more economic power than the poor as they have more influence and resources at their immediate disposal.

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  • With a recent spike in sales, the t-shirt company had the economic power to move all of their production operations from a Chinese sweatshop to American factories in Los Angeles.

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  • He had a lot of economic power and I knew that would give him a big ego and make him a pain to do business with.

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