The global economy is a collection of interdependent economic activities. An economy’s ability to produce goods and services at a lower opportunity cost than its trade partners is referred to as an economic theory.
What is a global economy for kids?
You’re likely to hear a lot about the Global Economy. Global economy means that things can be bought and sold all over the globe.
What is the simplest meaning of economy?
Money, industry, and trade of a country are organized according to the economy. The economy is the use of the minimum amount of money, time, or other resources to achieve something.