Economic power refers to the ability of an individual, organization, or country to influence or control economic resources and decisions. This power can manifest through wealth, production capabilities, and access to markets. For example, a nation with abundant natural resources, like Saudi Arabia, can exert significant influence on global oil prices. Additionally, economic power can shape political relationships and international policies. Countries with strong economies, such as the United States or China, often have greater leverage in negotiations and can impact global trade agreements. This influence can lead to shifts in economic alliances and partnerships worldwide.