Business Bloc is a term used to describe a group of businesses that have formed an alliance or partnership in order to gain a competitive advantage. The term is often used interchangeably with the term 'CARTEL, ' which is defined as a group of companies that agree to fix prices, limit production, and share markets or customers. Cartels are illegal in many countries, but business blocs are not. Business blocs can be beneficial to both the companies involved and the consumers, as they can lead to increased efficiency and lower prices.