global economy

The global economy refers to the interconnected economic activities of countries around the world. It encompasses the exchange of goods, services, and capital across national borders, influenced by factors like trade policies, international markets, and currencies. When one country's economy grows or declines, it can impact others due to this interdependence. Key aspects include trade agreements, investment flows, and global supply chains. Understanding the global economy helps us comprehend how national events, such as a financial crisis or a natural disaster, can have far-reaching effects on businesses and individuals worldwide.