In order for any type of country to grow, they would need to first raise their economy standards in a significant level. The growth of the economy of the country would highly depend on the people. Whether they would become businessman or consumers would not make any difference, since they would both highly affect the growth of the economy of its country no matter what. There are also other ways to increase the economy of the country, one of the most important ones are international relations and tourism. Where the international partners of a nation will be able to construct new forms of businesses and other infrastructure than can generate any form of income. Tourism can also boost the economy of the country due to the fact that high tourism can significantly generate high employment rates as well. But one of the most phenomenal ways to boost economy is to do what the European single market is doing right now.
The European single market is a strategy that is commissioned by the European Union. The single market usually refers to the European Union as a single entity of territory that is deemed without any form of internal borders present or any other types of regulation obstacles for the freedom of movement between goods and services. An active single market would encourage trade as well as competition on which it can raise efficiency, quality and can majorly affect the prices of goods and services as well. The European single market is well known to be one of the best kinds of achievements that have been accomplished by the European Union. It has majorly influenced economic growth positively which also made positive benefits to the businesses as well as the consumers. But there is actually one negative issue about the European Single Market, which is that you need to abide with all the regulations that has been implemented within the agreement.
The abiding on regulations that are agreed upon is one of the main reasons as to why brexit has happened, and the reason as to why Britain has left the European Single Market. Some form of changes may occur in the European single market due to Britain’s sudden leave, due to the fact that Britain is one of the major pieces of the European single market. One of the main reason as to why Britain have to leave the Single Market is that they would like to take control of the immigration policy by themselves.