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Identify regional trading blocs with which affiliate marketing operates as well as the benefits that affiliate...

Identify regional trading blocs with which affiliate marketing operates as well as the benefits that affiliate marketing gains because it is part of those trading blocs.
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Answer #1

European Union is an example of a trading bloc.

Benefits:

  • Free trade
  • Removal of non-tariff barriers
  • Lower costs and prices for consumers.
  • Increased trade creates jobs
  • higher income.
  • legal and human rights

European Union is the biggest trade bloc in the world. It accounts nearly 7% of the world population and around one fourth of world income.

Trade bloc has various benefits. It includes free trade (as negligible trade tariffs). This leads to lower costs for producers and hence lower prices for consumers. With lower prices and larger market, it leads to increase in demand. which eventually leads to higher income. Also it helps protecting legal and human rights of individuals.

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