ВУЗ:
Рубрика:
It is these disadvantages that have led to many countries abandoning planned
economies.
It is customers who
decide what is to be produced.
It is just the balance
between market and planned elements that alters.
Rewrite the following sentences using the emphatic construction
1. Television was invented in this century
.
2. Mathematicians have solved complicated problems with the help of
computers.
3. I first saw this play on TV
.
4. Two doctors
made this discovery.
5. Owing to the rain
we couldn’t come.
IV Answer the questions
1. Are there really pure examples of planned and market economies in the
world?
2. What’s a mixed economy? What’s its aim?
3. What type of economy is the UK?
UNIT 5
Inflation
Inflation is generally defined as a persistant rise in the general price level
with no corresponding rise in output, which leads to a corresponding fall in the
purchasing power of money. In this section we shall look briefly at the
problems that inflation causes for business and consider whether there are any
potential benefits for an enterprise from an inflationary period.
Inflation varies considerably in its extent and severity. Hence, the
consequences for the business community differ according to circumstances.
Mild inflation of a few per cent each year may pose few difficulties for
business. However, hyperinflation, which entails enormously high rates of
inflation, can create almost insurmountable problems for the government,
It is these disadvantages that have led to many countries abandoning planned
economies.
It is customers who decide what is to be produced.
It is just the balance between market and planned elements that alters.
Rewrite the following sentences using the emphatic construction
1. Television was invented in this century.
2. Mathematicians have solved complicated problems with the help of
computers.
3. I first saw this play on TV.
4. Two doctors made this discovery.
5. Owing to the rain we couldn’t come.
IV Answer the questions
1. Are there really pure examples of planned and market economies in the
world?
2. What’s a mixed economy? What’s its aim?
3. What type of economy is the UK?
UNIT 5
Inflation
Inflation is generally defined as a persistant rise in the general price level
with no corresponding rise in output, which leads to a corresponding fall in the
purchasing power of money. In this section we shall look briefly at the
problems that inflation causes for business and consider whether there are any
potential benefits for an enterprise from an inflationary period.
Inflation varies considerably in its extent and severity. Hence, the
consequences for the business community differ according to circumstances.
Mild inflation of a few per cent each year may pose few difficulties for
business. However, hyperinflation, which entails enormously high rates of
inflation, can create almost insurmountable problems for the government,
