#ADVANTAGES OF TRADING BLOCS FREE#

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The cookie is used to store the user consent for the cookies in the category 'Analytics'. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. Benefit to the consumers:įormation of trading blocs enables transfer of technologies across borders resulting into improvement in productivity and quality of goods and services ultimately benefiting the consumers to a greater extent.

#ADVANTAGES OF TRADING BLOCS FREE#

Trading blocs lead to free transfer of resources viz natural, human and capital resources, which are optimally utilised for creating employment opportunities. Capital is required to generate more and more employment opportunities. Trading blocs tend to increase in income and employment level of the member countries. This results into increase in income level of the people, which enhances the standard of living of the economy. Large-scale production and distribution leads to an increase in employment opportunities directly and indirectly. Trading blocs are created to encourage trading partners to buy and sell goods already made in their home countries. Trading blocs are sound and efficient to create sustainable economic growth.

Advantages of trading blocs