Key Economic Ideas: Smith, Marx, Versailles, Depression, Keynes
Adam Smith’s economic ideas, as presented in “The Wealth of Nations,” have had a profound impact on economic thought and continue to influence economic policies and theories. Here are three main economic ideas associated with Adam Smith:
The Invisible Hand and Self-Interest
- One of Adam Smith’s central ideas is the concept of the “invisible hand.” According to Smith, individuals, in pursuing their own self-interest in a free market, unintentionally contribute to the overall economic well-being of society.
Evolution of the European Union: From EEC to Economic Power
The Evolution of the European Union
Early Stages of European Integration
1950: Robert Schuman presented a proposal for a united Europe, laying the groundwork for future integration.
1957: The Treaty of Rome established the European Economic Community (EEC), uniting Belgium, France, Italy, Luxembourg, and the Netherlands.
1986: Spain and Portugal joined the EEC, expanding its reach and influence.
1992: The Maastricht Treaty renamed the EEC to the European Union (EU), with the intention of building a comprehensive
Read MoreBusiness Strategies: Differentiation, Growth, and Cooperation
Strategy: Encompasses a set of coherent decisions that aim to configure the company and its behavior to achieve the proposed objectives.
Differentiation as a Strategy
To achieve the goals that are set, it is necessary to devise a strategy that includes decisions and actions. There are two main differentiation strategies:
Cost Differentiation
This involves offering the same product as competitors but at a lower price. A company following this strategy will reduce costs in activities necessary to provide
Read MoreUnderstanding Different Types of Interviews and Campaigns
Understanding Different Types of Interviews
An interview is a meeting between two or more people. It is a technique used for various reasons, essentially a focused dialogue. It helps to gather background information. Its purpose is to get to know or interact with the interviewee.
Types of Interviews
- Formal Interview: Very important, for example, in work, school, or psychological contexts.
- Informal Interview: Less important, often arising spontaneously.
- Collective Interview: Involves multiple interviewees.
EU Agricultural Policy and Economic Cohesion
EU Agricultural Policy
The objectives of the Common Agricultural Policy (CAP) were to ensure a standard of living similar to the European average, fair prices for consumers, and quality food. The Community has provided substantial aid to farmers in the form of grants and tariffs.
Stages of the CAP
Since 1957, the CAP was characterized by guaranteed prices for milk, cereals, sugar, and beef. This led to negative effects by encouraging increased production of these products, creating large surpluses.
Read MoreTemporary Employment and Social Security in Spain
Temporary Employment in Spain
Temporary employment agencies (ETT) connect labor supply and demand. The ETT employs the worker and assigns them to a user company. The ETT pays the worker’s salary and receives a fee from the user company. The worker is integrated into the user company’s organization but has no direct contract with them.
The government regulates ETTs to guarantee the basic rights of the workers they hire. Authorization specifies conditions under which workers can be transferred to user
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