The global economy refers to the interconnected system of economic activities that spans across countries and regions, involving the production, trade, and consumption of goods and services on a global scale.
Related terms
Globalization: The process by which businesses and organizations develop international influence or start operating on an international scale.
Trade: The exchange of goods and services between countries or regions.
Interdependence: A situation in which countries rely on each other for resources, markets, or technology in order to function in the global economy.