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Instruments of market intervention in the European agricultural market and their impacts on supply (Paperback)
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Instruments of market intervention in the European agricultural market and their impacts on supply (Paperback)
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Total price: R809
Discovery Miles: 8 090
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Seminar paper from the year 2012 in the subject Business economics
- Supply, Production, Logistics, grade: 1,0, The University of Hong
Kong, language: English, abstract: With the foundation of the
European Economic Community in 1957, which later became the
European Union (EU), all member states agreed on an integration of
their individual market in a common market which guarantees the
free movement of goods, capital, services, and people. Right at the
beginning of this process called European Integration, a common
agricultural policy which supports, regu-lates and protects the
European agricultural market was introduced. The ancient reason for
its establishment was the desolate food supply situation in Europe
after the Second World War. As society and economy has been damaged
by years of wars, the agriculture had been crippled and nearly all
European states were dependant of food imports . In open
competition, countrymen suffered huge changes in quantity and
prices, which yield to an unsteady and under average in-come as
well as an unsecure food supply for consumers . The agrarian market
was supposed to failure without governmental intervention . In
order to achieve a stable self-supply of affordable food and a
better agricultural productivity, the European agriculture was
taken out of the regulation system of a free market economy and the
common agricultural policy (CAP) came into force 1962.
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