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WORLD ECONOMY

 The world economy refers to the global system of production, distribution, and consumption of goods and services, as well as the interactions between the various national and regional economies that make up the global economic system. The world economy is a complex and dynamic system that is influenced by a wide range of factors, including global trade policies, technological advancements, geopolitical developments, and natural resource availability.

The world economy is generally measured using a number of different indicators, including gross domestic product (GDP), unemployment rates, inflation, and trade balances. The world's largest economies include the United States, China, Japan, Germany, and the United Kingdom.

Over the past few decades, the world economy has undergone significant changes, with the emergence of new economic powers such as China and India, the growth of international trade and investment, and the increasing importance of technology and information as drivers of economic growth. However, the world economy also faces a number of challenges, including rising inequality, environmental degradation, and geopolitical tensions that can impact global economic stability.

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