The component of a business that includes all of the activities and functions that take place during the transfer of goods from the producers to the consumers is called commerce. This also takes place on a larger scale between nations.

Spain, officially the Kingdom of Spain, is a sovereign state and a member state of the European Union. It is located on the Iberian Peninsula in southwestern Europe. Spanish universities regulate access to their degrees, and they fix the academic fees. They can also offer unofficial postgraduate degrees. Madrid has the largest number of bars per capita of any European city and a very active nightlife.

Academic institutions around the world award advanced diplomas to students who complete specific course requirements. The time it takes to earn an advanced diploma varies depending on the university and the particular course of study.