Understanding Economics: Scarcity, Resources, and Market Dynamics
What is Economics About?
Economics is the study of how people use relatively scarce resources to satisfy their unlimited wants. As a social science, economics deals with people’s behavior.
The Fundamental Economic Problem: Scarcity
We don’t have enough resources to produce all the things people would like to have. This leads to scarcity.
- Unlimited wants -> Scarcity <- Limited resources
- Scarcity -> How to produce, what to produce, and for whom to produce
Three Basic Economic Questions
For whom,
Read MoreThe Galician Language: A Historical Timeline from 1900 to the Present
The Galician Language Between 1900-1936
Although political powers continued to oppose the complete recovery of languages other than Spanish, and it was absent from any official use in schools, this period saw some successes in the struggle for the retrieval of the Galician language. It seemed condemned to assimilation, but in 1906, the Real Academia Galega was founded. However, this was primarily at a symbolic level, as its practical work was minimal. One of the motivating factors was the high cultivation
Read MoreUnderstanding Science: Its Nature, Structure, and Methods
One characteristic that distinguishes humans from other living beings is an innate curiosity that leads us to wonder about the world in which we live and about our own human nature. Science seeks to understand reality, find the causes of observed phenomena, establish universally valid concepts, and demonstrate rational arguments. Science is the knowledge that provides a better understanding of the universe. It is a system of knowledge about a specific sector of reality, derived in a rational way,
Read MoreUnderstanding Different Locking Systems and Their Mechanisms
Locking System
When the velocities of the cube rotation and the idler friction gauge are matched, the cone synchronizer and the friction pair created with the central synchronizer are positioned in the box, allowing the displacement of the pinion. The crown pinion magnifies its gearing with the straight pinion. With the displacement, the synchronizer also moves, whose teeth fit the pinion, compressing the box while nestled in the selected speed position.
Absolute System
Compared to certain conventional
Read MoreTomás Morales: Canarian Modernist Poet and His Legacy
Tomás Morales: A Canarian Modernist Poet
Tomás Morales Castilian (October 10, 1884, Moya, Las Palmas – August 15, 1921, Las Palmas de Gran Canaria) was a Spanish poet, a leader of insular lyrical modernism, and the initiator of modern Canarian poetry. He is considered one of the leading poets of Spanish modernism. Author of Roses of Hercules, his work is highlighted by the poem Ode to the Atlantic.
Early Life and Education
In 1893, Morales began his primary studies at the Colegio de San Agustín,
Read MoreInformation Systems: EDP, ERP, CRM, MIS, ES, DSS, EIS, and BI
EDP, ERP, OAS: Output Results and Operational Involvement
Electronic Data Processing (EDP), Enterprise Resource Planning (ERP), and Office Automation Systems (OAS) are able to produce output results, whether they are the result of online consultations or the programming of periodic reports. Also, they imply a great involvement of the core operation workers. Their effectiveness will depend on the level of training of the employee in charge of data entry, the periodicity of such entry, and the discipline
Read MoreHabsburg Political System: Union of Kingdoms in Spain
The Habsburg Political Model: The Union of Kingdoms
Decentralized Governance Under the Castilian Crown
The political model of the Habsburg monarchy can be defined as a system governing different realms through a decentralized structure, under the primacy of the Castilian crown. This model was inherited from the Catholic Monarchs (RRCC). However, from the second half of the 16th century, kings settled in Madrid, establishing it as the capital. They surrounded themselves with a professionalized management
Read MoreKey Economic and Historical Terms of the 19th and 20th Centuries
Key Economic and Historical Terms
Economic Terms
Cartel: A temporary association between several companies in the same industry with the aim of eliminating competition and monopolizing the market.
Trust: A concentration or merger of several companies engaged in the same economic activity, creating a giant corporation. Its goal is to eliminate competition and dominate the market.
Holding: A finance company that controls the activities of other firms through the acquisition of all or a majority of their
Read MorePetrarchan Poetry and Renaissance Literature in Spain
Features of Petrarchan Poetry
Topics
The medieval concept of courtly love.
Classical Resources
Incorporates many reasons, similes, comparisons, expressions, allegorical allusions, classical myths, etc.
Expression of Feeling
Petrarch is a poet who manages to give life to a wide range of feelings (sadness, jealousy, suffering, etc.).
Language
Intelligence, inspiration, and ingenuity of the poet in verse form are constructed of clear, polished, transparent language, full of imagery.
Poetic Figures
Metaphor,
Read MoreAbsolute Monarchy, Enlightenment, and the Rise of Capitalism
Absolute Monarchy
Absolute monarchy originated from the authoritarian monarchies of the fifteenth and sixteenth centuries. It substituted the political model of medieval feudalism, or feudal monarchy, that had been characterized by the disintegration of political power. Absolute monarchy is characterized by the concentration of large amounts of power in the monarch. During the seventeenth century, most European states implemented absolute monarchy. The chief representative of absolute monarchy was
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