Category: World Markets
World Markets
World Markets can be defined as markets of the world encompassing all the markets of Asia, Europe, Americas, Australia and Africa. It can be stated that world markets have become more integrated as a result of globalization. The world market is common point where all the markets of the world converge. Hence emerges the concept of world supply or world demand or global supply and demand. World supply and demand are heavily influenced by the export and import of the developed vis-à-vis the developing countries.
