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Fishing industry (Market impact (Move to alternatives (Fish farming…
Fishing industry
Market impact
Reduced long term natural supply
Fewer to reproduce
Price rises
Quantity falls
Derived demand for fishermen
Move to alternatives
Fish farming growth
Government policy
EU Common Fisheries policy
Quotas
Hard to police
Decommissioning compensation
Government failure
Conflicts of interest
Employment
Conservation
Externality
Negative production externality
Lack of property rights
Overfishing
Sustainability
Tragedy of the Commons
Macro-economy
Declining industry
Regional unemployment
Impact Reduces GDP
Higher prices contribute to CPI
More imports needed