Most of the world's countries trade goods and services between themselves. The transactions that takes place make up the world economy. The global marketplace exists partly because countries need things that they cannot produce themselves. Also, richer countries will buy goods are cheap. Modern transport and communication have allowed the world economy to develop.
Ex- USA produce and exports a wide range of goods and services around the world.
Ex- USA produce and exports a wide range of goods and services around the world.
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