What is EU talking about?

What does EU stand for?

European Union

How many people live in the EU?

739.2 million

How many countries are members of the EU?

28

How many countries of the 28 use the Euro as their currency?

18 out of 28

How many official languages are spoken across the EU?

23 Languages

What does the EU flag look like?

Blue background and 12 stars in a round shape

When did the EU begin?

After world war 2

Why was the EU established?

Stop war.

What are the 5 main aims of the EU?

1. Promote economic and social progress.
Help people earn enough money and get treated fairly.

2. Speak for the European Union on the international scene. 
By working as a group the EU hopes that Europe will be listened to more by other countries.

3. Introduce European citizenship. 
Anyone from a member state is a citizen of the EU and gets four special rights.

4. Develop Europe as an area of freedom, security and justice.

Help Europeans to live in safety, without the threat of war.

5. Maintain and build on established EU law. 
Make laws that protect peoples rights in the member countries.

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Issues

Monopoly

  • A monopoly is a company that controls an industry due to a lack of big competitors. A possible example is Microsoft’s Internet Explorer monopoly in the Internet browser market. A company that is a monopoly can be sued if the government believes it is engaging in illegal practices to maintain its monopoly. This happened to Microsoft due to the practice of bundling Internet Explorer in computers. The government sued them and the company paid a fine.

    A company interested in defeating a monopoly must have a product or service that is a big improvement over the monopoly. It must also dedicate lots of money to marketing the product since consumers will be used to the monopoly’s products.

Mergers

  • Mergers between two firms help companies become bigger and reach a larger market. Mergers are a positive sign of a company’s financial health and usually increase the resulting company’s stock price.

Layoffs

  • Layoffs occur when a company wants to cut costs drastically and quickly. Some layoffs focus on a few departments, while many firms cut employees from all over the company. Layoffs instantly reduce expenses, but there is no easy way to calculate the costs of losing employee knowledge and forcing the remaining employees to take on a heavier workload. Productivity can decrease if too much work is forced on the employees who are still there.

Recessions

  • Economic recessions occur due to a drop in consumer spending. This leads to businesses finding different ways to reduce their own spending. Since consumers spend less, businesses may increase the number of sales to reduce inventory or delay building new offices and factories. Businesses can survive recessions if they have enough extra cash so that reduced consumer spending doesn’t result in more extreme actions like layoffs. Recessions hurt industries that depend on discretionary income or extra income, like the film and advertising industries.

#ETHICS #AND #PRESSURE #GROUP

To me the word ethical means something that is within reason that is seen as humanely right. For example if someone chops all the trees down and no animals can live on it because they need the Palm oil for shampoo’s  

pressure groups are people who disagree with the ethics in fights/situations that involves animals getting harmed or that can be in danger. A well known example is PETA.  PETA are constantly fighting for the rights of animals and are try and get them the rights that they deserve. They do this by having rallies and having petitions that you can sign to help stop the unethical treatment of animals. doing this has two effects, a negative one and and a positive one. the negative effect is that it will marginally effect the profit made by the companies; the reason I say marginally is because they’re not advertised on T.V they’re not as well known as other adverts E.G the companies that they’re trying to confront about the issues. the positive effect is that in some cases they mange to win the rights of the animals .