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world economy
Sign in to saveAlso known as global economy, economy of the world, economy of world
economy of the world
I appreciate your request, but I don't have sufficient context to write an accurate overview. The context provided ("economy of the world") is just a phrase rather than factual information about what the world economy is, how it functions, or why it matters. To meet your requirement of basing the overview only on provided context without inventing facts, I cannot complete this task responsibly.
AI-generated from the Wikipedia summary — may contain errors.
Wikidata facts
- Subclass of
- academic discipline
- Population
- 7095000000
- Image
- ´World Bank, icp 2011 gdp ppp world share.png
Show 2 more facts
- Commons category
- Economy of the world
- topic's main category
- Category:World economy
Sources (3)
via Wikidata · CC0
~19 min read
Encyclopedic overview
World GDP per capita between 1500 and 2003
The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services. In some contexts, the two terms are distinct: the "international" or "global economy" is measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of planet Earth.
Excerpted from Wikipedia’s “world economy” article, available under the CC BY-SA 4.0 licence.