Despite the fishing industry being a tiny part of the UK and the EU economy, it was one of the sticking points in the Brexit trade talks. Similarly, agriculture has a small share in EU GDP and employment, but 40% of the EU budget is spent on agriculture support. Explain the likely reasons as to why so much effort and money are spent to protect small industries like fisheries and agriculture.
Despite the fishing industry being a tiny part of the UK and the EU economy, it was one of the sticking points in the Brexit trade talks. Similarly, agriculture has a small share in EU GDP and employment, but 40% of the EU budget is spent on agriculture support. Explain the likely reasons as to why so much effort and money are spent to protect small industries like fisheries and agriculture.
Chapter1: Making Economics Decisions
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Despite the fishing industry being a tiny part of the UK and the EU economy, it was one of the sticking points in the Brexit trade talks. Similarly, agriculture has a small share in EU GDP and employment, but 40% of the EU budget is spent on agriculture support. Explain the likely reasons as to why so much effort and money are spent to protect small industries like fisheries and agriculture.
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