English for Managers. Аристова Е.В. - 12 стр.

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УлГТУ | Ульяновск

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rather than to earn profits and that everyone's needs are met. Communist countries
have central planning boards that set prices.
EXERCISES
1. Give
English equivalents to the following:
полагаться на, увеличить прибыль, определяться кем-либо, распре- деление
доходов, в соответствии с, способность, при социалистической системе,
правительственные власти, устанавливать зарплату, делать вклад, советы
(департаменты) по планированию.
2. Complete these sentences with the words given below in appropriate
form and translate the sentences into Russian:
government authority, a government planner, the distribution of income, to determine
1. Capitalism relies on
2. In capitalist system how to produce - is by profit-seeking
entrepreneurs.
3. In capitalist system is unequal because people differ in their abilities.
4. Under socialist system answer the "what", "how" and "for whom" questions.
5. In centrally planned economies decide what goods will be produced.
3. Complete the sentences and translate them into Russian:
1. The main economic system today are....
2. Entrepreneurs maximize profit by.
3. In a capitalist system workers are paid according to.
4. Different economic systems answer
5. Capitalism is characterized by
6. According to communist theory
Answer some questions on the Text:
1. What are the main economic systems today?
2. What economic system does private ownership of most resources, goods
and services characterize?
3. Who determines what to produce in a capitalist economy? in a socialist
economy?
4. Why is distribution of income unequal in a capitalist economy? What is
it like in a socialist economy?
5. What economic system does government ownership of resources
characterize? Does the government own labour in such systems?
6. How can you characterize centrally planned economies? What are their
specific features?
7. What is the difference between socialist and communist economies?
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