The world economy or the global economy is the economy of everyone in the world. This includes all trading that happens between people or groups of people such as nations. In some situations, the two meanings can mean different things, with the "global economy" being measured differently from how people measure and look at economies by country.
References[change | change source]
- "THE GLOBAL ECONOMY | definition in the Cambridge English Dictionary". dictionary.cambridge.org. Retrieved 20 September 2020.
- "World Economy." – Definition. American English Definition of with Pronunciation by Macmillan Dictionary. N.p., n.d. Web. 2 January 2015.