EU Policies Simplified Revision Notes for Leaving Cert Business
Revision notes with simplified explanations to understand EU Policies quickly and effectively.
Learn about Ireland and the European Union for your Leaving Cert Business Exam. This Revision Note includes a summary of Ireland and the European Union for easy recall in your Business exam
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EU Policies
EU Policies
The EU has many policies which have effect Ireland and Europe as a whole. These include:
Common Fisheries Policy
Common Agricultural Policy
Compeitition Policy
Common Fisheries Policy: The Common Fisheries Policy (CFP) sets rules on who can fish in different EU waters to prevent overfishing and support fishermen. By allocating fishing quotas, it ensures sustainable fish stocks and fair competition in the fishing industry. This policy aids in conserving marine ecosystems and stabilising the fishing sector.
The CFP protects Ireland's fishing industry by allocating quotas and preventing overfishing.
Common Agricultural Policy: The Common Agricultural Policy (CAP) provides direct payments to farmers to increase their income, stabilise and regulate prices, and support rural development. The CAP boosts agricultural productivity and market stability while encouraging environmentally friendly farming practices.
The CAP provides significant structural funds and direct payments, boosting Irish farmers' income and rural development.
Competition Policy: The EU's competition policy ensures fair competition within the single market by restricting cartels and monopolies, controlling mergers and takeovers, and fining unfair practices. This policy protects consumers, promotes innovation, and maintains a level playing field for businesses, leading to competitive prices and improved product quality.
The EU competition policy ensures fair market conditions, benefiting Irish consumers and businesses through lower prices and better products.
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