The global economy refers to the economic system that operates on an international or worldwide level. It involves the exchange of goods, services, and capital between countries, as well as the movement of people and ideas across borders. The global economy is characterized by increasing interdependence among nations, with trade and investment flows playing a significant role in shaping economic growth and development. As such, it encompasses not only large multinational corporations but also small-scale entrepreneurs who engage in cross-border transactions. The global economy is influenced by various factors, including government policies, technological advancements, and cultural exchanges, among others. Overall, the term "global economy" refers to a complex system of economic interactions that transcend national boundaries.