Spanish Economic Growth vs. EU: 1960-Present
Spanish Economic Growth Compared to the EU
Main Characteristics of Spanish Economic Growth vs. EU Growth
Spain has demonstrated a higher economic growth rate than other European countries, averaging 3.1% annually compared to 2.4% in Europe. This highlights a greater capacity for economic growth in nations with a higher delay in economic development.
Economic growth in Spain has largely followed the same trajectory as Europe, even prior to its entry into the European Community in 1986. However, five
Read MoreLegal Framework and Standards in Architectural Planning
Hierarchy of Legal Prescriptions
The hierarchy of legal prescriptions is as follows:
- Acts
- 1997 LXXVIII. Act – On the Built Environment
- 2001 LXIV. Act – On the Protection of Cultural Heritage
- Governmental Orders
- 312/2012. (XI. 8.) Governmental Order – On the Procedures and Controls of Construction Supervision and the Services of the Construction Authority
- Ministerial Orders
- 28/2011 (IX.6.) Order of the Ministry for Home Affairs – On the Regulation of Fire Protection
- Local Statutes – Orders of the
Key Economic and Social Indicators: Definitions and Examples
Economic Environment
1. What is an Economic Indicator?
An economic indicator is a statistical measure designed to show changes in an economic variable or group of related variables with respect to time or other properties.
2. Three Examples of Monetary Indicators
- Means of Payment
- Base Currency
- Monetary Offer Extended
3. Three Examples of External Sector Indicators
- International Reserves (Gross, Net, Composition)
- Exchange Rate
- External Finance
4. Three Examples of Indicators for Public Finance
- National Government
Organizational Structures: Types and Characteristics
Types of Organizational Structures
A) Linear or Military Structure
This is the simplest and oldest type of management structure, where the main leader assumes all management functions.
Advantages:
- Simple and easy to understand
- Maintains maximum control
Disadvantages:
- Due to the complexity of current management functions, it is only used at lower management levels
B) Functional Structure
Maximizes departmentalization by function within an organization. It involves grouping activities according to the similarity
Read MoreKey Economic and Social Concepts Explained
Key Economic and Social Concepts
1. Capitalism
Capitalism is an economic system in which the means of production are privately owned and operated for profit. Supply, demand, price, distribution, and investments are determined mainly by private decisions in the free market, rather than by the state through central economic planning. Profit is distributed to owners who invest in businesses, and wages are paid to workers employed by businesses.
2. Productivity
Productivity is the amount of output per unit
Read MoreUnderstanding Corporate Culture: Impact and Key Elements
Corporate Culture
Beliefs and behaviors that determine how a company’s employees and management interact and handle outside business transactions.
Corporate culture is:
- Shared
- Pervasive
- Enduring
- Implicit
It Implies:
Behaviors observed regularly in the relationship between individuals.
The norms that are developed in the working groups.
The philosophy that guides a company’s policy regarding its employees or customers.
The dominant values accepted by a company.
The “rules of the game“, that is, the ways that