Головна

Unit 2 THE AMERICAN ECONOMIC SYSTEM

  1. ADF SYSTEM - CONTROLS
  2. African-American Poetry
  3. Agricultural systems
  4. American Drama
  5. American Educational System
  6. American English
  7. American Poetry Since 1945: The Anti-Tradition

1. Read and memorize following words, word-combinations and word-groups:

a pillar - опора, стовп

e.g. There are three «pillars» of economic system: private property, the price system and competition.

to use one's assets - використовувати (чиє-небудь) майно

e.g. According to the right to private property the owners of natural resources and capital can use their assets as efficiently as they can.

economic incentives - економічні стимули

e.g. Economic incentives influence our decisions about what and where to buy.

to switch one's deposits from one bank to another - переводити депозити з одного банку в інший

to receive higher interest rates - одержувати вищі відсотки за вкладом

e.g. Savers will switch their deposits from one bank to another to receive higher interest rates.

profit motive - мотив прибутку

e.g. The profit motive is the force that drives our economic system.

entrepreneur - підприємець

e.g. Profits drive entrepreneurs to risk capital, hire employees and purchase the things they need to produce goods and services.

to set the price - встановити ціну

e.g. Monopolies can set the price at which their goods are sold.

gross national product - валовий національний продукт

e.g. The total value of the goods and services produced by the economy in a single year is called the gross national product (GHP).

household - домашнє господарство; сім'я

e.g. We live in what economists like to call households.

2. Give English equivalents of the following:

економічні стимули, підприємець, кінцевий продукт, обмежувати діяльність

опора, використовувати (чиє-небудь) майно, приймати рішення, домашнє господарство, стабільні ціни, наймати на роботу, валовий національний продукт



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Херсон - 2011 | Unit 3 THE CONSUMER IN OUR ECONOMY | Unit 4 LAUNCHING A BUSINESS | Unit 7 HOW FIRMS COMPETE | Unit 8 MONEY | Unit 9 ECONOMIC STABILITY | Fill in the blanks with appropriate words | Self-assessment criteria |

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