Define the Concept of the World Economy and Explain Its

question 47

Essay

Define the concept of the world economy and explain its relevance for understanding contemporary globalization.

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Definitions:

Consumer Trends

are patterns of behavior among consumers that indicate how they are spending their time and money.

Online Shopping

The act of purchasing products or services over the Internet.

Specialized Businesses

Companies focused on a specific niche or market segment, offering tailored products or services.

Consumer-Generated Content

Any form of content, such as videos, blogs, forum posts, and tweets, created by users of a product or service and made publicly available to other consumers.