Factors of Production, Economic Systems, and Sectors
Work is human activity, both physical and intellectual, to produce goods and services. Most workers perform their work for others, i.e., a company-employed job or for the state in exchange for a wage. However, there are also self-employed workers, i.e., those working independently. The laws establishing labor activity involve complex negotiations between the state, employers, and employees. Employers are represented by employer associations, and employees by unions.
Factors of Production
The production
Ancient Civilizations: Maya and Aztec Societies
Economy: Agriculture, Maya
The Maya were primarily farmers, and their main food was corn. (Currently, the word corn is still synonymous with food.) They believed God’s grace was a gift from the gods to men, whose sacred duty was to cultivate it. Religion and Mythology of the Maya considered that the gods created mankind with corn, thereby achieving the most perfect man. Maize was the food and the flesh of man himself, whose blood nourished the gods and the corn itself, and elevated it to the rank
Read MoreUrban Development in Spain and Catalonia: A History
The Urban Phenomenon in Spain and Catalonia
The urban phenomenon in Spain and Catalonia: The urban phenomenon in Spain has developed significantly in the last 100 years. Currently, there are two large metropolitan areas, Madrid and Barcelona, and other smaller metropolitan areas such as Valencia, Seville, Bilbao, Malaga, Zaragoza, Oviedo-Gijon, Elche-Alicante, Murcia, Las Palmas de Gran Canaria, Vigo, and Palma.
The Pre-Industrial City
Many of our cities have ancient origins. Rome created a network
Read MoreMultinational Companies and the Industrial Revolution
Multinational Companies
Multinational companies are entities with significant economic power, aiming to monopolize the global market for various products. They often exert considerable influence over the governments of countries where they operate. They can withdraw investments and patents if their interests are threatened, effectively holding these economies hostage. This dynamic can lead to a form of political and economic colonialism, where the financial interests of the multinational outweigh
Read MoreSpain’s Economy: Tourism, Industry, and Construction
Tourism in Spain
Tourism is one of the main drivers of the Spanish economy. It provides high income, helps offset the trade deficit, and employs abundant labor. Spain is the second country in the world that receives the most tourists, after France. In 2004, Spain received 53.6 million tourists (compared to 16 million in the UK, with a significant portion visiting Catalonia).
The tourist resources of Spain began to be exploited in the 1950s, when improving living standards of the European middle classes
Read MoreIndustrial Sectors in Spain: Key Areas and Activities
Item 16: Areas of Industrial Activity in Spain
1. Key Sectors: Basic Industries and Consumer Goods
Traditionally, industries have been classified into three groups:
- Basic industry takes the first step in the industrial chain, transforming raw materials into intermediate products, which are used as feedstock for other industries.
- Equipment goods industries produce machinery or tools used by other industries in their manufacturing processes.
- Use and consumption industries transform materials with different