See the below image for the Economic power diagram. She specializes in divorce, death, career changes, and caring for aging relatives. Economic power is the ability of countries, businesses, or individuals to improve their standard of living . It increases their freedom to make decisions that benefit themselves alone and reduces the ability of any outside force to reduce their freedom.
Economic power is the ability of countries, businesses, or individuals to improve their standard of living. It increases their freedom to make decisions that benefit themselves alone. It reduces the ability of any outside force to reduce their freedom. Purchasing power is a significant component of economic power.
Purchasing power is a significant component of economic power. Countries, companies, and individuals can acquire economic power by improving their income, thereby adding to their wealth. That allows them to purchase more and better goods and services to meet their needs.