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Definitions from the Web

Global Economy

Description:

The term "global economy" refers to the interconnectedness and interdependence of economies around the world. It signifies the integration of various nations, markets, and industries, resulting in the flow of goods, services, capital, and information on a global scale.

Senses:

Sense 1 - Noun:

In the context of a noun, the global economy represents the overall economic activity encompassing multiple countries and their interactions.

Example sentence: The COVID-19 pandemic had a significant impact on the global economy as supply chains were disrupted and businesses worldwide suffered losses.

Sense 2 - Adjective:

When used as an adjective, global economy describes something which pertains to or affects the entire world economically.

Example sentence: Climate change has become a pressing issue necessitating global economy efforts to transition towards sustainable practices.

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