The political subjugation and economic exploitation of a people is known as

The term that describes the political subjugation and economic exploitation of a people is colonialism.

Colonialism is a practice where a powerful country directly takes control of a weaker country or region. This control often involves sending settlers to occupy the land and rule it politically. The goal of colonialism is typically to extract resources, control trade routes, and exploit the local population for economic gain.

Under colonialism, the indigenous people of a region often suffer because their political freedom is taken away, and they are subjected to foreign rule. The colonizing power can impose its culture, language, and laws on the local population. Economically, the resources of the colonized region are often extracted and used for the benefit of the colonizing country, rather than for the development of the local population. This exploitation often leads to significant inequalities and unfair distribution of wealth.

To summarize, when we talk about political subjugation and economic exploitation of a people, we are referring to colonialism, as it encompasses both the loss of political control by the local populace and the economic exploitation of their resources and labor by a foreign power.