world market
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world market
The global market on which goods, services, and capital are traded internationally. Prices on the world market are determined by worldwide supply and worldwide demand.
Die Preise für Kaffee werden stark vom Weltmarkt beeinflusst.
Coffee prices are strongly influenced by the world market.
This word is easy to understand if you break it down into its parts: 'Welt' (world) and 'Markt' (market). So it literally describes a market that includes the whole world.
Deutsche Autos sind auf dem gesamten Weltmarkt sehr beliebt.
German cars are very popular across the entire world market.
When talking about activities or conditions on the global market, you almost always use the preposition 'auf' with the dative: 'auf dem Weltmarkt' (on the world market).
Viele Unternehmen müssen auf dem Weltmarkt konkurrenzfähig sein.
Many companies have to be competitive on the world market.
In an economic context, 'Weltmarkt' (world market) is often combined with words such as 'Preise' (prices), 'Handel' (trade), 'konkurrieren' (to compete), or 'produzieren' (to produce). Typical adjectives are 'global' (global) or 'international' (international).
Das Unternehmen produziert hauptsächlich für den asiatischen Weltmarkt.
The company produces mainly for the Asian world market.
world economy
'die Weltwirtschaft' and 'der Weltmarkt' both have to do with the economy around the world. 'die Weltwirtschaft' means the entire economic system, with all countries, companies, trade relationships, and developments. 'der Weltmarkt' is more specifically the place or area where goods, services, or capital are bought and sold worldwide. The words are easy to confuse because both sound international. When it is about the general state or development of the global economy, 'Weltwirtschaft' fits better. When it is about trade, prices, supply, and demand, 'Weltmarkt' is more precise.
Auf dem Weltmarkt ist der Preis für Kaffee stark gestiegen.
On the world market, the price of coffee has risen sharply.
Die Krise hatte starke Folgen für die Weltwirtschaft.
The crisis had major consequences for the world economy.