GLOBAL ECONOMY

It refers to the interconnected worldwide economic activities that take place between multiple countries

• Global Economy

• Cultural Economy

• Free trade

• International trade

A process of globalization which means the spread of liberalism and capitalism.

• economically

• culturally

• politically

A process of globalization that is Launching a national market, Free trade, and Commerce

• economically

• culturally

• politically

Limited powers and functions of the state, more rights and freedom granted to the individual, and empowerment of the private sector.

• culturally

• economically

• politically

The progress of increasing national incomes involving social systems. 

• Economic development

• Global Economy

• Economically

• Politically

Type of measurements where Often used as an indicator of the average standard of living in a country.

• Human Development index

• GDP per Capita

A composite measure used to assess and compare the overall development of countries.

• Human Development index

• GDP per Capita

It measures the potential productivity of the next generation of workers, based on factors such as education and health

• Human Development index

• GDP per Capita

• Growth of Human Capital Index

• Decrease in Equality Figure

A Free Trade Agreement means both sides agree to end any protectionist tariffs on their respective goods

• Protectionism

• Trade liberation

• GDP per Capita

• Human Development index

it is essentially protecting one's economy using whatever means at your disposal.

• Protectionism

• Trade Liberation

• GDP per Capita

• Human Development index