Final answer:
Loyalty programs offer benefits to both consumers and businesses. Consumers get better or less expensive products, businesses increase their profits, and employees may earn more income.
Step-by-step explanation:
Loyalty programs offer several benefits to both consumers and businesses. One of the main benefits is that consumers get better or less expensive products through loyalty programs.
For example, they may receive discounts or earn points that can be redeemed for rewards. In turn, businesses with loyalty programs can increase their profits by attracting and retaining loyal customers.
Additionally, employees of these businesses may earn more income if the company's profits grow. Overall, loyalty programs can lead to a positive impact on the economy as the gains outweigh the losses to a nation.
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