Market (economics)In economics, a market is a composition of systems, institutions, procedures, social relations or infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labour power) to buyers in exchange for money. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enable the distribution and allocation of resources in a society.
MadridMadrid (məˈdrɪd , maˈðɾið) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and its monocentric metropolitan area is the second-largest in the EU. The municipality covers geographical area. Madrid lies on the River Manzanares in the central part of the Iberian Peninsula.
IBMThe International Business Machines Corporation (IBM), nicknamed Big Blue, is an American multinational technology corporation headquartered in Armonk, New York and is present in over 175 countries. It specializes in computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is the largest industrial research organization in the world, with 19 research facilities across a dozen countries, and has held the record for most annual U.
TurinTurin (tjʊəˈrɪn,_ˈtjʊərᵻn , Piedmontese: tyˈriŋ; Torino toˈriːno) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital from 1861 to 1865. The city is mainly on the western bank of the Po River, below its Susa Valley, and is surrounded by the western Alpine arch and Superga hill. The population of the city proper is 847,287 (31 January 2022), while the population of the urban area is estimated by Eurostat to be 1.
FestivalA festival is an extraordinary event celebrated by a community and centering on some characteristic aspect or aspects of that community and its religion or cultures. It is often marked as a local or national holiday, mela, or eid. A festival constitutes typical cases of glocalization, as well as the high culture-low culture interrelationship. Next to religion and folklore, a significant origin is agricultural. Food is such a vital resource that many festivals are associated with harvest time.
HanoverHanover (ˈhænoʊvər,_-nəv- ; Hannover haˈnoːfɐ; Hannober) is the capital and largest city of the German state of Lower Saxony. Its 535,932 (2021) inhabitants make it the 13th-largest city in Germany as well as the fourth-largest city in Northern Germany after Berlin, Hamburg and Bremen. Hanover's urban area comprises the towns of Garbsen, Langenhagen and Laatzen and has a population of about 791,000 (2018). The Hanover Region has approximately 1.16 million inhabitants (2019).
DüsseldorfDüsseldorf (ˈdʊsəldɔːrf , USˈdjuːs- ; ˈdʏsl̩dɔʁf; often in English sources; Low Franconian and Ripuarian: Düsseldörp ˈdɵsəldœʀ(ə)p; archaic Dusseldorp ˈdʏsəlˌdɔr(ə)p) is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in the state after Cologne, and the sixth-largest city in Germany, with a population of 653,253. Düsseldorf is located at the mouth of the Düssel into the Rhine.
World's fairA world's fair, also known as a universal exhibition or an expo, is a large international exhibition designed to showcase the achievements of nations. These exhibitions vary in character and are held in different parts of the world at a specific site for a period of time, typically between three and six months. The term "world's fair" is commonly used in the United States, while the French term, Exposition universelle ("universal exhibition") is used in most of Europe and Asia; other terms include World Expo or Specialised Expo, with the word expo used for various types of exhibitions since at least 1958.
LeipzigLeipzig (ˈlaɪpsɪɡ,_-sɪx , ˈlaɪptsɪç; Upper Saxon: Leibz'sch) is the most populous city in the German state of Saxony. Leipzig's population of 624,689 inhabitants (1.1 million in the larger urban zone) as of 2022 places the city as Germany's eighth most populous, as well as the second most populous city in the area of the former East Germany after (East) Berlin. Together with Halle (Saale), the city forms the polycentric Leipzig-Halle Conurbation. Between the two cities (in Schkeuditz) lies Leipzig/Halle Airport.
TourismTourism is travel for pleasure or business, and the commercial activity of providing and supporting such travel. The World Tourism Organization defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes".