What does economic power mean?
Definitions for economic power
eco·nom·ic pow·er
This dictionary definitions page includes all the possible meanings, example usage and translations of the word economic power.
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Economic power
Economic power can be divided into different categories- Purchasing power, i.e., the ability of any amount of money to buy goods and services. Those with more assets, or, more correctly, net worth, have more power of this sort. The greater the liquidity of one's assets, the greater one's purchasing power is. Monopoly power, i.e., the ability to set prices or wages. This is the opposite of the situation in a perfectly competitive market, in which supply and demand set prices. Bargaining power, i.e., the ability of players in a bargaining game to influence the outcome, which is the players sharing rule for something. See e.g. Muthoo, Abhinay 1999: Bargaining theory with applications, Cambridge University Press. To be able to bargain prices. Also see definition of bargaining. Managerial power, i.e., the ability of managers to threaten their employees with firing or other penalties for not following orders or for not giving in satisfying reports. This exists if there is a cost of job loss, especially due to the existence of unemployment and workers' lack of sufficient assets to survive without working for pay.
Numerology
Chaldean Numerology
The numerical value of economic power in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of economic power in Pythagorean Numerology is: 1
Examples of economic power in a Sentence
The problem with the TTB is they are underfunded and understaffed, there were 10 craft distilleries in 2003; now there are 700 new distilleries with individual labels for each product to be approved. The delays are holding back the economic power of the sector.
We have made the decision to clash with a regime of political and economic power that plunged our country into the crisis and is responsible of Greece’s depreciation on an international level.
The bigger companies that have more money, more economic clout because they place more orders, definitely have more scope to mitigate [ supply chain constraints ], smaller chains just don't have that economic power.
This is home of rural populism and it manifests in very different ways on theft and the right, on the left if manifests as a distrust of corporations and economic power.And Hillary Clinton’s message is n’t resonating with those folks in the same way that say Barack Obama’s did. You still have a lot of those folks who were diehard Bernie supporters who will continue to be Bernie supporters and they’re not sure that Hillary Clinton embraces some of the ideological positions that they want to see in their Democratic Party.
From the point of view of most White people, Jews were way more engaged and they made the choice to ally themselves with another disadvantaged community in order to protect equality for everyone, from the African American side, that was great, but Jews also had this economic power – because they were White – that they were not using necessarily to help the cause.
Translations for economic power
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"economic power." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/economic+power>.
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