Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
... have concluded that CAP should add £18 per week to the cost of living for the average family due to higher food prices and extra taxes necessary to finance the CAP. Is this increase worthwhile to the consumer? Gains for the consumer: * The CAP makes the UK self sufficient which benefits consumers because they have a constant supply of food. This would mean that in times of war or high tariffs the consumer would not suffer because the domestic supply is sufficient to meet demand anytime. * The CAP ensures that prices are much more constant than would otherwise be the case because price is not determined by market supply and demand; which is the case throughout the rest of the world. Not knowing the going price for a good is more of an inconvenience than anything else. * The CAP keeps some small farmers who earn low incomes in work. Small ...