Basics
This term means what humans do to acquire goods that satisfy their needs.
What is economic activity?
In this economy, the market works through supply, demand, private property, and individual profit.
What is capitalist or market economy?
This sector obtains raw materials directly from nature.
What is primary sector?
This sector converts raw materials into products and includes industry and construction.
What is secondary sector?
Another name for the tertiary sector is this.
What is service sector?
Goods obtained directly from nature and able to be transformed are called these.
What are products?
This system is a variation of capitalism with greater state intervention through laws and prices.
What is mixed economy?
Historically, Spain has been this kind of country, according to the presentation.
What is an agricultural country?
Spain is one of the largest producers of this renewable energy source.
What is wind power?
In Spain, tertiary activities employ this percentage of the workforce.
What is 76%?
Economic goods classified by function can be either intermediate goods or these.
What are finished goods?
In this economy, the state owns factories and the means of production.
What is communist or planned economy?
Spain is called Europe's orchard because it produces so many of these two things.
What are fruits and vegetables?
These two kinds of fuels are noted as resources Spain does not have.
What are oil and gas?
Costa del Sol, Costa Brava, and Costa Blanca are examples of these.
What are significant tourist areas?
Along with labor and natural resources, this factor of production includes human, physical, and financial forms.
What is capital?
This type of economy produces mainly for self-consumption and has little division of labor or mechanization.
What is subsistence economy?
Spain is the number one producer of these two products from grapevines and olive trees.
What are wine and olive oil?
Factories moving to less developed countries for lower salaries and looser laws is called this.
What is relocation?
Fertile soil, forests, and water are examples of this kind of resource.
What are renewable resources?
These three economic agents generate and consume, govern public services, and generate and sell goods and services.
What are families, public administration, and companies?
This term describes the spread of markets and companies across the world without borders.
What is economic globalisation?
These two Spanish regions are named as the main producers of porcine livestock.
What are Cataluña and Aragón?
Ford in Valencia, General Motors in Zaragoza, and Citroen in Vigo belong to this Spanish industry.
What is automotive industry?
According to the presentation, overexploitation is leading to the depletion of these resources, such as oil and natural gas.
What are non-renewable resources?