Economic potential refers to an individual or a country's ability to produce, consume and trade goods and services in order to generate wealth. It is determined by factors such as natural resources, human capital, infrastructure, technology, market size, and political stability among others. Economists use various measures to assess economic potential including GDP per capita, labor force participation rates, productivity levels, and access to education and healthcare services. A high level of economic potential indicates a greater capacity for growth, development, and increased standard of living for its citizens.