Step 1: Definition.
Colonialism refers to the control of one territory by a foreign power, involving settlement, exploitation of resources, and domination of people.
Step 2: Features.
\begin{itemize}
\item Political control by the colonizing power.
\item Economic exploitation of resources and labor.
\item Cultural domination, including language and education.
\end{itemize}
Step 3: Example.
British rule in India is a classic example of colonialism, where India's economy and society were reorganized to serve British interests.
Final Answer: \[ \boxed{\text{Colonialism = domination of one nation by another for political and economic gain}} \]
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