European Union Flashcards
1
Q
What’s single market
A
Countries joining together so there aren’t trade barriers
2
Q
Benefits of being part of the union
A
Free movements of good, free movement of people
3
Q
Impact of being part of the union
A
Increased choice for consumers, increased competition for jobs, ease of trade between EU countries
4
Q
Advantages of single market for a business
A
Increased levels of demand, greater employee access, lower costs through increased economies
5
Q
How could single currency in the UK affect customers
A
Easier to go on holidays, might get confused with the change
6
Q
How could a single currency affect UK in businesses
A
Won’t need to worry about exchange rate, easier to sell abroad
