While the answer by freeman01in references a useful presentation (alternative source) on the practical application aspect of your question, it is probably worth answering the specific question in the title too, in terms of first principles.
From the Wikipedia Power page:
In physics, power is the rate at which energy is transferred, used, or transformed. The unit of power is the joule per second (J/s), known as the watt ...
Energy transfer can be used to do work, so power is also the rate at which this work is performed. The same amount of work is done when carrying a load up a flight of stairs whether the person carrying it walks or runs, but more power is expended during the running because the work is done in a shorter amount of time. The output power of an electric motor is the product of the torque the motor generates and the angular velocity of its output shaft. The power expended to move a vehicle is the product of the traction force of the wheels and the velocity of the vehicle.
The integral of power over time defines the work done. Because this integral depends on the trajectory of the point of application of the force and torque, this calculation of work is said to be "path dependent."
Meanwhile, from the Wikipedia Torque page:
Torque, moment or moment of force (see the terminology below), is the tendency of a force to rotate an object about an axis,1 fulcrum, or pivot. Just as a force is a push or a pull, a torque can be thought of as a twist to an object. Mathematically, torque is defined as the cross product of the lever-arm distance and force, which tends to produce rotation.
Loosely speaking, torque is a measure of the turning force on an object such as a bolt or a flywheel. For example, pushing or pulling the handle of a wrench connected to a nut or bolt produces a torque (turning force) that loosens or tightens the nut or bolt.
The symbol for torque is typically $\boldsymbol{\tau}$, the Greek letter tau. When it is called moment, it is commonly denoted $M$.
The magnitude of torque depends on three quantities: the force applied, the length of the lever arm connecting the axis to the point of force application, and the angle between the force vector and the lever arm. ...
The SI unit for torque is the newton metre (N·m).
And from Relationship between torque, power, and energy you get the formula:
Power is the work per unit time, given by $$P = \boldsymbol{\tau} \cdot \boldsymbol{\omega}$$ where $P$ is power, $\boldsymbol{\tau}$ is torque, $\boldsymbol{\omega}$ is the angular velocity, and $\cdot$ represents the scalar product.
