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Name any one European Union policy which affects Ireland’s economy - Leaving Cert Geography - Question i and ii - 2011
Question i and ii
Name any one European Union policy which affects Ireland’s economy. Describe and explain two effects of this policy on Ireland’s economy.
Worked Solution & Example Answer:Name any one European Union policy which affects Ireland’s economy - Leaving Cert Geography - Question i and ii - 2011
Step 1
Step 2
Describe and explain two effects of this policy on Ireland’s economy.
Answer
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Effect on Agricultural Income: The Common Agricultural Policy provides subsidies and financial support to farmers, which helps stabilize their income. This encourages farmers to invest in their businesses, leading to enhanced productivity and sustainable farming practices. As a result, rural economies benefit from this financial stability, helping to maintain and improve the livelihood of many farming families.
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Impact on Food Prices: The CAP influences food prices in Ireland by regulating the agricultural market and ensuring fair prices for producers. This can lead to lower food prices for consumers, increasing access to a variety of agricultural products. Consequently, this contributes to food security and can stimulate consumer spending, which is beneficial for the overall economy.