Question

The advocates of ‘’Resource Dependence’’ 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

Answer:

The referendum conducted to exist European Union was passed with 51.9% popularity.

Explanation:

• The UK government decided to leave the EU in the year 2016.
• The UK has a face a major economic impact after the Brexit.  
• Surveys have shown that Brexit caused a reduction of 6% in business investments while a 1.5% reduction in employment.
• The Brexit also increased the inflation by 1.7%