The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account.[1] In some contexts, the two terms are distinct "international" or "global economy" being 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 Earth.
It is common to limit questions of the world economy exclusively to human economic activity and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.
MASSIVE BOMBSHELL! WikiLeaks Exposes Trade deals AND THE EMERGING ONE WORLD ECONOMIC SYSTEM
Any time people create a "black market" to avoid government regulation, they are engaged in, and promoting, free market economics.
Dave Champion
BOMBSHELL WikiLeaks CONFIRMS Hillary Sold Weapons
https://youtu.be/NTN0ovzO5_4
Livestream AMA w/ Priyanka Murthy (CEO) and Geena Dhaliwal (CMO), Co-founders of Access79
https://youtu.be/who0_ZNF0eI
It is common to limit questions of the world economy exclusively to human economic activity and the world economy is typically judged in monetary terms, even in cases in which there is no efficient market to help valuate certain goods or services, or in cases in which a lack of independent research or government cooperation makes establishing figures difficult. Typical examples are illegal drugs and other black market goods, which by any standard are a part of the world economy, but for which there is by definition no legal market of any kind.
MASSIVE BOMBSHELL! WikiLeaks Exposes Trade deals AND THE EMERGING ONE WORLD ECONOMIC SYSTEM
https://en.wikipedia.org/wiki/World_economyAny time people create a "black market" to avoid government regulation, they are engaged in, and promoting, free market economics.
Dave Champion
BOMBSHELL WikiLeaks CONFIRMS Hillary Sold Weapons
https://youtu.be/NTN0ovzO5_4
Livestream AMA w/ Priyanka Murthy (CEO) and Geena Dhaliwal (CMO), Co-founders of Access79
https://youtu.be/who0_ZNF0eI