Economics Homework Help

[DieselShaq]

"What are the advantages and disadvantages of trading blocs?"

Please help me with that. It's for economics homework due tomorrow. I will +rep to those who reply with good answers.

[Calabrian]

We haven't covered trading blocs yet, i dont think.

If u can tell me what they are, i might find it easier to give some advantages and disadvantages.

Sorry i cant be more help atm :(

[luce]

google it.

[DieselShaq]

We haven't covered trading blocs yet, i dont think.

If u can tell me what they are, i might find it easier to give some advantages and disadvantages.

Sorry i cant be more help atm :(
They're organisations which promote free trade e.g. NAFTA, ASEAN, EU.


google it.
What makes you think I would come here before Google?

[Calabrian]

Erm im not really sure

I found this link. It should be useful. Has some advantages and disadvantages, and explains them

http://library.thinkquest.org/19110/english/advantag/advantag.html

Sorry i cant be of more help
:(

[DieselShaq]

Erm im not really sure

I found this link. It should be useful. Has some advantages and disadvantages, and explains them

http://library.thinkquest.org/19110/english/advantag/advantag.html

Sorry i cant be of more help
:(
I've found that already and sorta got a few points from it, but thanks for your help anyway.

[kk.]

free trade ads: Promotes business efficiency as it opens free trade. increase in economies of scale, improving supply chain

Disads: small businesses open to threat to new competition, if large businesses come in then they can remove money from that countries economy.

good luck

[DieselShaq]

free trade ads: Promotes business efficiency as it opens free trade. increase in economies of scale, improving supply chain

Disads: small businesses open to threat to new competition, if large businesses come in then they can remove money from that countries economy.

good luck
Thanks for your help, although it was a bit late.

[kk.]

lol sorry, didnt see it till yesterday.