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Economics A Level

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Question:

For Existing Members, what are the Advantages for Future Enlargements?

Author: go kys



Answer:

-Increased Trade and Market Access: Because new Nations enter, there are Greater Opportunities for Trade and Investment. Existing Members benefit from Larger Markets (Econ of Scale) and Export Opportunities -Migration from the New Member States will go to the Old Member States, increasing Aggregate Supply and bringing in new Skilled Workers.


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go kys
go kys