The global economy
The global economy, alternatively referred to as the world economy, encompasses the entirety of economic activities carried out by individuals across the globe. These activities encompass various aspects such as production, consumption, economic management, labor, financial transactions, and the exchange of goods and services. This economic system operates within and between nations. Although the terms "international" or "global economy" are occasionally employed to distinguish them from national economies, the "world economy" essentially represents a collective measure of individual countries' economic indicators.