The establishment of the EU has created, for all member states, common commercial policies, an area without internal frontiers and it has promoted economic and social progress throughout Europe. (A) Evaluate the significance of the Single European Market for Irish Business. (B) Illustrate with a relevant example the impact of a European Union policy on Economic activity in Ireland.

Leaving Cert Business THE EU: Institutions & Policies: The establishment of the EU has

The establishment of the EU has created, for all member states, common commercial policies, an area without internal frontiers and it has promoted economic and social progress throughout Europe - Leaving Cert Business - Question 3 - 2003

Question 3

The establishment of the EU has created, for all member states, common commercial policies, an area without internal frontiers and it has promoted economic and socia... show full transcript

Worked Solution & Example Answer:The establishment of the EU has created, for all member states, common commercial policies, an area without internal frontiers and it has promoted economic and social progress throughout Europe - Leaving Cert Business - Question 3 - 2003

Step 1

Illustrate with a relevant example the impact of a European Union policy on Economic activity in Ireland.

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One notable example of a European Union policy that has had a significant impact on economic activity in Ireland is the Common Agricultural Policy (CAP).

The CAP aims to ensure that farm products are produced sustainably while supporting farmers. In Ireland, this policy has directly influenced agricultural productivity and rural economies.

Support for Farmers: Financial assistance through the CAP helps farmers maintain a stable income, particularly during volatile market conditions. This is crucial for rural communities heavily reliant on agriculture.
Sustainable Practices: CAP promotes environmentally friendly agricultural practices. This is particularly relevant in Ireland where the emphasis on sustainability aligns with national goals for reducing carbon footprints.
Market Stabilization: Mechanisms within the CAP, such as intervention pricing, ensure that farmers are protected from drastic price drops, thereby stabilizing the agricultural market.
Food Security and Quality: Through CAP regulations, the EU ensures that quality standards are met, contributing to consumer trust in Irish agricultural products, which leads to enhanced exports.

Overall, the CAP significantly shapes economic activity in Ireland by supporting farmers, ensuring sustainability, and stabilizing markets.

The establishment of the EU has created, for all member states, common commercial policies, an area without internal frontiers and it has promoted economic and social progress throughout Europe - Leaving Cert Business - Question 3 - 2003

Worked Solution & Example Answer:The establishment of the EU has created, for all member states, common commercial policies, an area without internal frontiers and it has promoted economic and social progress throughout Europe - Leaving Cert Business - Question 3 - 2003

Illustrate with a relevant example the impact of a European Union policy on Economic activity in Ireland.

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