Photo AI
The European Union has many policies which have important effects on the Irish economy such as: - The CAP (Common Agriculture Policy) - The RDF (Regional Development Fund) - CFP (Common Fisheries Policy) Explain two effects of any one of the above policies on Ireland’s economy. - Leaving Cert Geography - Question 1 - 2007
Question 1
The European Union has many policies which have important effects on the Irish economy such as: - The CAP (Common Agriculture Policy) - The RDF (Regional Developmen... show full transcript
Worked Solution & Example Answer:The European Union has many policies which have important effects on the Irish economy such as: - The CAP (Common Agriculture Policy) - The RDF (Regional Development Fund) - CFP (Common Fisheries Policy) Explain two effects of any one of the above policies on Ireland’s economy. - Leaving Cert Geography - Question 1 - 2007
Step 1
Explain two effects of the CAP (Common Agriculture Policy) on Ireland’s economy.
Answer
Effect 1: Increased Agricultural Productivity
The CAP has significantly increased agricultural productivity in Ireland. This policy provides farmers with financial support, allowing them to invest in better technologies and practices. With subsidies and grants, farmers can enhance crop yields and livestock quality. For instance, using advanced irrigation techniques and fertilizers helps to increase the total output of agricultural products, contributing to a more robust economy.
Effect 2: Stabilization of Farmers' Income
Another critical effect of the CAP is the stabilization of farmers' incomes. Fluctuating market prices can create uncertainty for farmers; however, the CAP offers price supports and direct payments to ensure a minimum income level. This support encourages farmers to maintain production levels during economic downturns, thus sustaining rural economies and employment in those areas.