Common Agricultural Policy - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “Common Agricultural Policy”

Common Agricultural Policy

noun [S]
 
 
( abbreviation CAP) ECONOMICS, POLITICS
the system in the European Union for setting prices for farm products and limits on the amounts that can be produced, and for organizing various payments to farmers
(Definition of Common Agricultural Policy from the Cambridge Business English Dictionary © Cambridge University Press)
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