Glossary of Tourism and Economics Terms
Economic Terms
Tariff
A tax levied on goods imported or exported.
Balance of Trade
The difference between a country’s exports and imports.
Balance of Payments
The systematic recording of all financial transactions made during a period of time between a country’s residents and those in the rest of the world.
Wholesale
An activity involving the resale of goods purchased directly from the producer to merchants, processors, or professional users.
Traditional Retail Trade
An activity involving the resale of goods
Read MoreTourism in Spain: Resources, Types, and Impacts
Tourism in Spain
What is Tourism?
Tourism is the set of activities carried out by people who travel and stay outside their usual environment for leisure, business, or other purposes for a period of less than one year.
Types of Tourism:
- Inbound Tourism: Tourism from abroad.
- Domestic Tourism: Tourism by nationals inside the country.
- Outbound Tourism: Tourism comprising nationals traveling abroad.
Tourist Resources of Spain
Since 1960, Spain has experienced significant tourism development and is currently
Read MoreThe Economic Recovery of the High Middle Ages (1100-1350)
The economic recovery in Europe during the High Middle Ages (1100-1350) was a transformative period marked by significant advancements in agriculture, population growth, the development of craft activities, and the emergence of a more sophisticated banking system.
Agricultural Revolution
One of the key drivers of this recovery was the improvement of agricultural practices. The Crusades, while military campaigns, inadvertently played a role in this agricultural revolution. Europeans returning from
Read MoreEconomic Overview of the Murcia Region in Spain
PRIMARY SECTOR
AGRICULTURAL SECTOR
Agriculture in the Murcia region is a strategic sector in the regional economy, employing close to 10% of the workforce. 50% of the region’s total area is dedicated to agricultural land, with 67% used for dry farming and the remaining 33% for irrigation.
Key Crops:
- Peach
- Apricot
- Melon
- Lemon
- Tomato
- Lettuce
- Peppers
- Grapes
- Olives
- Broccoli
- Almonds
- Barley
Food production for export is a key aspect of the Murcia region’s economy. The Segura River Basin, the primary water source, only
Read MoreThe Economic Recovery of the High Middle Ages (1100-1350)
The economic recovery in Europe during the High Middle Ages (1100-1350) was a transformative period marked by significant advancements in agriculture, population growth, the development of craft activities, and the emergence of a thriving trade network.
Agricultural Revolution
One of the key drivers of this recovery was the improvement of agricultural practices. The Crusades, while military expeditions, also brought Europeans into contact with new crops and farming techniques from the East. This exchange
Read MoreThe Economic Recovery of the High Middle Ages (1100-1350)
The economic recovery in Europe during the High Middle Ages (1100-1350) was marked by significant advancements in agriculture, a surge in population, the growth of towns, and the development of craft industries and banking.
Agricultural Revolution
One of the key drivers of this recovery was the improvement of agricultural practices. The Crusades played a role in introducing new crops and farming techniques to Europe. For instance, the three-field crop rotation system, where only one-third of the land
Read More