global market
/ˈɡloʊbəl ˈmɑːrkɪt/ · glo·bal mar·ket
noun
- The worldwide arena in which goods, services, capital, and labor are bought and sold across national borders. Tech companies are expanding their reach to tap into the global market for renewable energy solutions.
- A market that operates on an international scale, often characterized by uniform pricing and competition across countries. The price of crude oil is largely determined by forces in the global market.
Synonyms
world marketinternational marketglobal economyworldwide marketglobal tradeglobal marketplaceglobal commerceglobal sector
Antonyms
Did you know? The term 'global market' gained prominence after the 1970s oil crises, when analysts noted that price shocks in one country could ripple through the entire world economy.