A global market refers to the interconnected system of buying and selling goods and services across international borders. It allows businesses to reach customers worldwide, facilitating trade between countries. Factors such as technology, transportation, and communication have made it easier for companies to operate on a global scale.
In a global market, various currencies, regulations, and cultural differences come into play. Companies must navigate these complexities to succeed. Major players in this market include multinational corporations, small businesses, and consumers, all contributing to a dynamic economic environment that influences prices and availability of products worldwide.