Instruments of market intervention in the European agricultural market and their impacts on supply

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The establishment of the European Economic Community in 1957 marked a significant step towards integration among member states, leading to the formation of the European Union. This integration created a common market that facilitates the free movement of goods, capital, services, and people. At the outset of this European Integration process, a common agricultural policy was implemented to support, regulate, and protect the agricultural market across Europe, highlighting the importance of agriculture in the broader economic framework.