Economic blocs are like clubs where countries join together to help each other trade and make money. By working as a team, they can buy and sell things more easily and make their people happier.
An adequacy decision is a determination by the European Commission that a non-EU country ensures an adequate level of data protection comparable to that of the EU, allowing for the free flow of personal data between the EU and that country. This decision is crucial for international businesses as it simplifies compliance with the EU's stringent data protection regulations, particularly the GDPR.