Noun
economic determinism (uncountable)
(economics) A socioeconomic theory stating that economic relationships (such as being an owner or capitalist, or being a worker or proletarian) are the foundation upon which all other societal and political arrangements are based
Too often we shape our public positions on the basis of our economic connections. That brings us dangerously close to economic determinism. George W. Romney
Economic determinism, not free will, governs human conduct. Source: Internet