ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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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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