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Name two European Union (EU) policies - Leaving Cert Business - Question 12 - 2016
Question 12
Name two European Union (EU) policies. (i) (ii)
Worked Solution & Example Answer:Name two European Union (EU) policies - Leaving Cert Business - Question 12 - 2016
Step 1
(i) Common Agricultural Policy
Answer
The Common Agricultural Policy (CAP) is a cornerstone of EU agricultural policy. It aims to support farmers, enhance food security, and promote sustainable agriculture throughout the EU. This policy involves financial subsidies to farmers and measures to ensure the stability of agricultural markets.
Step 2
(ii) European Competition Policy
Answer
The European Competition Policy focuses on maintaining fair competition in the internal market. Its objectives include preventing monopolistic practices and ensuring that consumers benefit from competitive pricing. This policy is crucial for fostering innovation and efficiency among companies operating within the EU.