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Advantage Of Single Market

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What are the benefits of the Single Market? The key element of the Single Market is to pursue the assurance of the free movement of four factors: goods, services, labor, and capital. First of all, the Internal Market for goods creates the achievement of economies of scale as a result of an enormous market of 500 million consumers and 21 million enterprises. Companies, especially large companies can manufacture more cost-efficiently by increasing economies of scale. Riley (n.d.) has demonstrated that “the size of market allows business to exploit economies of scale leading to improvements in productive efficiency”. Furthermore, economies of scale enhance international competitiveness, resulting in lower prices for consumers. Inefficient companies …show more content…

The free movement of capital has substantially contributed to facilitate Foreign Direct Investment activity within, to and from the Single Market. The freedom of movement of capital makes it easier and more attractive to invest in other European companies and increases European firms’ ability to invest in other member states. Forslid (2014) notes that the implementation of the single market led to increased flows of Foreign Direct Investment within the EU – national firms, previously protected by various trade barriers, sought to maintain their market positions. Such investments are likely to improve production efficiency through enhanced possibilities for large scale production. Moreover, Eastern European countries that have joined the EU and the single market have been able to attract foreign capital to a greater extent than non-EU countries in Eastern Europe. Friedrich et al. (2013) compared between the inflow of FDI into those Eastern European countries that joined the Single Market in 2004 and 2007 and Eastern European countries that did not. In addition, they compared industrial sectors that rely heavily on external capital and sectors that rely more on reinvested profits in each country. They found that sectors that require large external investments have grown faster than other sectors and this was only true for those Eastern European countries that have joined the …show more content…

The free movement of labor is believed to increase the efficiency of labor markets and to decrease unemployment with an improved match between demand and supply of workers. Countries may deal with labor shortages, especially in certain skilled positions or undesirable jobs that many domestic workers don’t want to do which can be solved by immigrants. Dayan and Trust (n.d.) in their research paper stated that EU immigrants account for 10% of registered doctors and 4% of registered nurses in the UK. Immigrants from outside the EU make up larger

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The market revolution, which started in 1815, transformed worker lives, and improved the nation vastly; although it also dropped the economy as well. The traditional market, which was based upon power generated by animals and water, was slow in activities such as transportation. The growing nation underwent peace, which then catalyzed the reform of the organization of the economy. As such, transportation was heavily improved upon, along with manufacturing, banking, and commercial law. However, there were also two panics during the time that occurred that led to many Americans who were anxious and uncertain about working in the country.

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The fear of loss of job opportunities because of a higher rate of new incoming immigrants has lead to people indulge in vile behaviors to protect one’s personal welfare, releasing hysteria among the people. Many citizens with the same heritage as many immigrants that come to this country refuse to even accept their own people, for they are afraid that these might take away their economic stability. This fear of losing your job is one very predominant in modern society, because people are worried of how their financial status will drop. People worry about being financially stable because money plays a very important role in enabling humans to fulfill their basic and selfish needs. It can be seen how many of these people who have already lost their jobs will do anything to obtain a new one.

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When the average cost of production decreases as the volume of its output increases, the process of economies of scale is said to be achieved. For instance, it may cost $3,000 to produce 100 copies of a magazine yet only $4,000 for 1,000 copies. The average cost dropped from $30 to $4 per magazine because the main elements of cost in producing the copies (editing, designing etc.) are distinct from the number of magazines produced. Adam Smith recognized the division of labor and specialization as the two-key means to achieve a larger return on production.

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In recent years, immigration has become so popular that more and more people would choose to immigrate to another country than living in their own homeland. Talking about immigration, people hold different opinions towards it, for some of them agree that it can bring lots of benefits to a country,and of course some hold the opposite opinion. As in America, this common phenomenon has brought three good effects in population, traditions and economy.

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Mohamed Hamud Kylie and Nicole ENGL 2015 3/31/2023 Are Immigrants Hurting Our Economy? Introduction A country of possibility for immigrants, the United States has long been thought of. Nevertheless, both historically and currently, Americans have voiced worry over how poorly immigrants became incorporated into the American way of life and how this has resulted in lower salaries for native-born employees. Immigration has historically provided countries with significant social, economic, and cultural benefits.

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However, it is unrealistic to count labor force with half of immigrants who can be a lawful resident, but still cannot become part of the workforce. In that case, depending on certain conditions, immigrants can be an advantage or a threat to the indigenous labor force. Moreover, a rise in the immigrants’ rate would result in the large mass flow of the aliens to the existing work market. The market reaches saturation where people seeking employment exceed the available space if the employees keep on getting into the

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320 Words | 2 Pages

The creation of programs such as the American Green Card Lottery has also resulted in an increase in the number of foreigners in the USA. Individuals have moved to the USA in pursuit of higher education or employment opportunities. In their article, Birthplace Diversity and Economic Prosperity from the National Bureau of Economic Research, authors note that the number of students in the country is high compared to other nations. They also claim that the move can be attributed to the improved education and social structures (Alesina et al. 3). The emergence of globalization and improved relations with the U.S and other global partners has led to the increased movement of different citizens across the border.

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The superstition that the immigrants are hurting the U.S economy results in a lack of any rights for the migrants. However, According to “Immigration Surveillance”, “some sectors of the national economy would have been devastated without their labor” (Kalhan 42). Immigrants provide a large amount of labor for the tough,

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Immigrants are usually coming with little to no higher education, causing them to mostly take the labor jobs no one wants. “Despite these increases in labor supply, in many cases immigrants appear to complement American-born workers rather than replacing them. Because less-educated immigrants often lack the linguistic skills required for many jobs, they tend to take jobs in manual labor-intensive occupations such as agriculture and construction. Even for low-skilled native-born workers in these industries, the effects of increased competition from immigrants are ambiguous, as many take advantage of their superior communication abilities and shift into occupations where these skills are more valuable, such as personal services and sales. ”(University of Pennsylvania).

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This opinion has a number of errors to it. In this regard, it does not take into account the rise in labor demand that occurs due to the immigration (Borjas, 23). The demand for labor is acquired from another area, meaning that it is acquired from the demand for final result. The immigrants offer labor to a wide range of markets. On the other hand, though, the immigrants acquire labor income that is directed to the purchase of products and services produced in the local economy.

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637 Words | 3 Pages

Although immigrants are important for many reasons, they are especially crucial in the workplace. One reason why they’re so important in the workplace is because they have an impressive workforce rate of 66.4%, while people born in America have a workforce rate of only 62.8%. Another reason why is because a shocking 25% of new businesses are actually made by immigrants. This is surprising because a lot of immigrants don’t speak english well, so why would you expected a immigrant to start they own

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1498 Words | 6 Pages

The article discusses several benefits of immigrants and how they affect that country. Immigrants make a major commitment to the wealth and thriving of the nations they go to. For instance, in Europe, have declined and maturing populaces. Unless migration is expanded, there won 't be sufficient youthful laborers to pay assessments, keep general society, area and industry working and care for the old people. Someone will say that immigrants are stealing local people’s jobs.

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745 Words | 3 Pages

In Economic and Social Impact of Immigrants Stephen Moore is arguing that immigrants and refugees contribute positively to the American Economy. He conveys this through the use of surveys, data, and facts from multiple sources. In the second paragraph he took a 1986 survey that concluded that a lot of foreigners achieved success in this country in difficult positions such as engineering and entrepreneurship. Two separate studies’ discussed in the sixth and seventh paragraphs dispel common beliefs that immigrants take jobs away from natural born citizens. The studies concluded that the exact opposite of popular opinion, immigrants in fact benefitted the economy for employers, employees, and the US economic position.

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Same with the previous research, this analysis finds no significant effect of immigration on net job growth for native-born workers. This suggests that the economy absorbs immigrants by expanding job opportunities rather than by displacing native-born workers in the United States. Moreover, the work force, like the economy, is not fixed and static. The U.S economy itself is dynamic, fluctuating, and creates hundreds of new jobs every

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From the viewpoint of the customer, there are some advantages of buying a product under oligopolistic market. Firstly, customers may have many choices. Oligopolies sell various branded goods because of the characteristics of imperfect competition. One of the characteristics of oligopoly is non-price competition.

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