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TeachMeFinance.com - explain economic potential economic potential 'economic potential' is an military term. It means '(DOD,NATO) The total capacity of a nation to produce goods and services'. Previous 5 Terms: echelon echelon_ echelon _ echeloned displacement- economic action - Next 5 Terms: effect effect_ effect _ effective US controlled ships- effective damage - Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.