what is global state of economy
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The world economy or global economy is the economy of all humans of the world, referring to the global economic system that includes all economic activity within nations and between nations, including production, consumption, economic management, exchange of financial values and trade of goods and services.
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The global economy refers to the interconnected worldwide economic activities that take place between multiple countries. ... It refers to the exchange of goods and services between different countries, and it has also helped countries to specialise in products which they have a comparative advantage in.
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