maailmaturul
Maailmaturul is an Estonian economic term referring to the global market for goods, services, capital and labor. It denotes the interconnected marketplace where prices are determined by international supply and demand, rather than by a single country's conditions alone. The concept is used to analyze trade flows, currency movements and competition among producers worldwide, contrasting with domestic markets that operate within national borders.
Several factors shape the world market: production costs and technology, resource endowments, and the geographic distribution
Outcomes on the world market influence domestic economies through export performance, import prices, and inflationary or
In policy debates, the world market is a reference point for assessing competitiveness, trade strategy and