Which statement best explains the major difference between economic imperialism and colonialism?A. unlike colonialism, economic imperialism allows a country to dominate a territory thousands of miles away.
B. unlike colonialism, economic imperialism brings some economic benefits from one country to another territory
C. unlike colonialism, economic imperialism does not require a country to take direct control over a territory
D. unlike colonialism, economic imperialism can be practiced by both communist and capitalist countries

C. unlike colonialism, economic imperialism does not require a country to take direct control over a territory.

The major difference between economic imperialism and colonialism is that economic imperialism involves exerting economic influence, control, and exploitation over a territory without necessarily establishing direct political or administrative control. In contrast, colonialism involves establishing full political and administrative control over a territory, often accompanied by significant settlement and governance by the colonizing country.

In economic imperialism, a dominant country may use economic means such as trade, investment, loans, or resource extraction to exploit and influence the economy of a weaker country or territory. This economic dominance allows the dominant country to maintain significant control and influence without the need for direct political control.

On the other hand, colonialism involves the establishment of colonies, where the colonizing country exercises full control over the political, social, and economic affairs of the colony. This often includes sending settlers, implementing laws and regulations, and directly governing the colony as an extension of the colonizing country.

Option C best explains this key distinction between economic imperialism and colonialism.