EU Policies (Leaving Cert Business): Flashcards

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EU Policies
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Definition of a policy

Set of principles, rules & guidelines to reach a specific goal

Four Freedoms of the European Single Market

People, goods, services, capital

Economies of scale benefit for Irish businesses

Access to larger markets reduces costs per unit

EU member states vs eurozone countries

27 EU member states, 19 use the euro

Definition of sovereignty

Full power to govern itself without outside interference

What is a cartel?

Companies cooperating illegally to fix prices/limit production

Irish energy deregulation examples

Energia and Electric Ireland entered the market

First treaty recognising right to strike

European Social Charter

Irish marine EEZ extension distance

Extended from 12 to 200 miles

Total CAP funding Ireland received since joining EU

More than €41 billion

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