Vocabulary. private ownership –частная собственность

private ownership – частная собственность

means of production – средства производства

to adjust automatically – автоматически приспосабливаться

competitive – конкурентоспособный

to pursue interests – преследовать интересы

working conditions – условия работы

safety standards – нормы техники безопасности

large-scale intervention – широкомасштабное вмешательство

to pass laws – принимать законы

advertise – рекламировать

to gain sufficient sales – добиться достаточного объема продаж

to have confidence – иметь уверенность

hire – принимать на работу

10. Give Russian equivalents:

11. Choose words from the list to fill in the gaps, then use them to make sentences:

material, free-price, government, private, labour, subsidized, sufficient, working

12. Fill in the gaps with the words and expressions from the text:

1. The system is based on _____ with _____ of.

2. Firms tend to be highly _____ in such an environment.

3. In a free market individual people are free _____.

4. Some goods would be _____ if the government did not provide ___________ supplies.

5. It is necessary to have _____ to pass laws _____ consumers and workers.

13. Answer the questions:

1. What’s a market economy?

2. What is this system based on?

3. What is the main difference between a market economy and a planned economy?

4. What are the advantages of a market economy?

5. What are the disadvantages of a market economy?

14. Use words/phrases from the list to help you retell the text:

division of labour, a free price system, the management of the economy, private enterprise, private ownership, determine the price of goods and services, adjust, to meet changing demands, competitive, to increase sales and profits, free to pursue their own interests, working conditions, safety standards, to pass laws.

Unit 6

Company structure

(A) Jobs

Translate the jobs in the box.

2(11). Listening. Isaac Cady is on a visit to Milan. Piera Macaluso introduces him to some collegues. Listen to a dialogue and write down the jobs they do.

a. William Bernstein ………………………..

b. Marianna Tardelli ………………………..

c. Carla Dendena ………………………….

d. Gianni Baresi ……………………………...

e. Daniel Jones ………………………………

f. Erika Chang ……………………………….

g. Frank Jensch ………………………………