Marketing Economic Paper
MKP: Economic Paper on Spain
Executive Summary
When looking to Spain?s economic activities for information about entering the market to do business in the country a few major points arise that may not be common knowledge or different from your self-reference criterion.
Spain has the 30th largest population in the world, with a majority of this population being between 15 and 64 years old. The largest population is found in the captial city of Madrid followed by Barcelona. Spain is a highly developed country.
Tax burdens to Spanish citizens and companies are lower than those found in the United States, and also have a lower federal tax burden. A majority of the goods and services sold there is a value added tax rate of 16%, but also a reduced rate of 7% on sales and imports of food items, water, pharmaceutical products, and private homes.
Working conditions in Spain are good, and most workers have fixed contracts. This may cause issue if the company does not wish to employ based on a contract system. If a contract system is adopted then it should be noted that it becomes more difficult to fire employees under this system. The typical pay
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