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With reference to the Single European Act, the principle of mutual recognition

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With reference to the Single European Act, the principle of mutual recognition

With reference to the Single European Act, the principle of mutual recognition

▸ states that there are mutual benefits of open trade with one another.

▸ means that firms and individuals can choose to obey the rules of the country that have the least restrictive ones in the EU on any particular issue.

▸ states that each member country should realise that every member has a right to decide on its own trade policies.

▸ concerns the acceptance of the fact that each of the countries has its own identity and culture.

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Essential Economics for Business

Edition: 5^th

Authors: Sloman, Jones

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More solutions for this book are available here

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