What Contributed to the Idea of a "World Economy," and How

question 99

Essay

What contributed to the idea of a "world economy," and how did Europe come to dominate this?​

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Definitions:

Insured

The individual or entity covered under an insurance policy, protected against specified risks and potentially eligible for claims settlement.

Medicare

A federally funded health insurance program for people 65 years and over who are eligible for Social Security.

Federally Funded

Financially supported or subsidized by a national government.

Low Income

The condition of earning at or below a specified threshold of income, often used to determine eligibility for certain social services or tax benefits.