The Global Economy

The global economy is the interconnected system of buying, selling, and trading goods and services across countries. It influences job opportunities, prices, and wealth worldwide. Countries produce and exchange resources like food, technology, and energy, driven by businesses and consumers. Factors such as interest rates, government policies, technological advances, and international relations impact economic growth or slowdown. When economies grow, people generally have better living standards; when they weaken, unemployment and hardships can rise. Overall, the global economy reflects how nations are linked through economic activities, shaping prosperity and stability worldwide.