Free Market Commitments of the European Union on a Pragmatic Practice Research Paper

Free Market Commitments of the European Union on a Pragmatic Practice Basis - Research Paper Example The European governments had to remove all forms of tariffs and measures equivalent to quotas. Restrictions on the freedom to supply services are lifted. However, the Non-Tariff Barriers (NTBs)still since the Rome Treaty provided the Community institutions with powers to control the NTBs. The SEM had a common currency. The euro, which was introduced in 2002, is the single European currency which had replaced the national currencies of the 27 member countries of the European Union (euroland) that began on 1 January 1999. The exchange rates of the euroland countries were fixed to the euro. While marking a milestone in the European Union's economic integration process, the launch of the euro has significance beyond Europe. Some economists and financial experts believe the euro could become a major international currency that can pose a threat to the US dollar. The European Competition Policy applies rules to make sure that companies compete with each other and, in order to sell their pr oducts, innovate and offer good prices to European consumers. The economic core of the EEC called for the free movement of goods, capital, services, and people among its original members. For instance, Article 81 of the Maastricht Treaty, which helped establish the EU, refers explicitly to the prohibition of practices which "limit or control production, markets, technical development, or investment." To implement the EU’s competition policy, there are designated competition commissioners. All 27 national competition authorities in the EU are able to apply EU rules at their local level in consultation with the Competition Commission.

PROPOSAL FOR A DOUBLE-LINE VENTURE Assignment Example | Topics and Well Written Essays - 3250 words

PROPOSAL FOR A DOUBLE-LINE VENTURE - Assignment Example However, the business venture must assess and scrutinize the progress of the initiative to determine potential strengths and weaknesses. Meanwhile, inefficiencies and market failures will arguably contribute to emergence of numerous opportunities vital for growth and expansion of the double-line venture. Despite the numerous risks and potential challenges, the business venture will continue to capture the imagination of nonprofits and funders alike. The essay primarily focuses on a proposal for double-line venture. Entrepreneurial ventures pursue opportunities regardless of the resources they have and control. However, discovering the opportunities that lie outside of the current market structures remains a significant challenge to virtually all entrepreneurial ventures worldwide. A number of such opportunities in new and existing markets focus primarily on the needs of underprivileged or underserved customer segments. In most cases, inefficiencies and market failures contribute to the emergence of numerous opportunities. Entrepreneurs can successfully mobilize resources to help in resolving market failures in particular sectors of the economy and provide a viable solution to specific social problems. The primary objective of the double-line venture should be to create a new socially valuable product or service that will ultimately address the aforementioned challenges. In addition, the business venture, through its double-line program (second bottom line), is committed to measuring performanc e in relation to potential positive impacts on local communities. It also uses the power of business to bring about environmental and social change through various social enterprises and initiatives. This paper main purpose is to analyze the entrepreneurship in the global perspective; and specifically to highlight the concept of double line business concept. The idea of measuring conventional financial accounting concurrent with the social return will be