What is economic domination?

Economic domination refers to the control or influence one entity, such as a country, corporation, or individual, has over economic resources, markets, or production systems, often at the expense of others. This can manifest through monopolistic practices, exploitation of labor, or manipulation of trade policies. Such dominance can lead to significant disparities in wealth and power, affecting global or local economies and social structures. Ultimately, it shapes the dynamics of competition and can hinder equitable growth and development.