Economic power refers to the ability of a country, organization, or individual to influence economic outcomes and decisions. This power can manifest through control over resources, production capabilities, and financial markets. Countries with strong economies often have greater leverage in international relations and trade negotiations, allowing them to shape global economic policies. Factors contributing to economic power include natural resources, technological advancements, and human capital. Nations with abundant resources or advanced technologies can drive innovation and growth, while a skilled workforce enhances productivity. Ultimately, economic power plays a crucial role in determining a nation’s standing in the global arena.