Answer to Question #278364 in Management for wasiq

Question

Protecting Your Domain

The advocates of ‘’ResourceDependence’’ approach believe that they want to create their monopoly and there is no need to rely on others rather others should rely on them.

In this context, discuss the BREXIT referendum initiative took by United Kingdom to exit from European Union?

Analyse the BREXIT’s impact on UK’s economy.

Develop arguments whether UK’s decision to remain aloof bear fruitful results for it?

 

Answer 1

The impact of Brexit on the United Kingdom financial system can be worse ultimately in comparison to the coronavirus pandemic.

Leaving the EU would lessen the United Kingdom's capacity GDP by using approximately 4% in the long time.

Both the pandemic and Brexit have performed a component in present day supply chain troubles across the UK, and have in addition exposed the scarcity of lorry drivers, which has ended in recent shortages of products for groups and a few empty cabinets for customers.