Тема 2. Современное рыночное хозяйство

24. Market economy (рыночная экономика) - an economic system in which the interaction of buyers and sellers is the main mechanism for making economic choices.

25. Market (рынок) - a set of arrangements through which buyers and sellers carry out exchange at mutually agreeable terms.

26. Price (цена) - the exchange value of a product or resource; the amount paid for a specified quantity and quality of any good and service, including factor services.

27. Money (деньги) - anything that is generally accepted in an economy as a medium of exchange, a unit of account, a store of purchasing power, and a standard for deferred payment.

28. Demand for a good (спрос на товар) - is the quantity of it that consumers (people and firms) want and able to buy at a particular price during a given time period.

29. Demand curve (кривая спроса) - is a curve showing the quantity of a specific commodity demanded at various possible prices; reflects the relations between the demand for a good and its price.

30. Supply of a good (предложение товара) - is the quantity of it that producers want to sell at a particular price during a given time period.

31. Supply curve (кривая предложения) - shows the quantity of a well-defined good supplied at various possible prices.

32. Equilibrium price (равновесная цена) - price at which quantity demanded and quantity supplied are equal.

Субъекты рыночного хозяйства:

33. Household (домашнее хозяйство, домохозяйство) - a group living together and pooling major expenses in the same dwelling unit; households demand goods and services in the product market and supply resources (land, labor, capital) to the resource market.

34. Firm (предприятие) - an economic unit, formed by profit-seeking entrepreneurs that employ resources to produce goods and services; firms supply goods and services to the product market and demand resources in the resource market.

35. Bank (банк) - a financial institution that regulates money flow for regular market circulation.

36. Government /as an economic actor/ (государство /как экономический субъект) - provides: the function of providing economic stabilization: the function of improving the distribution of income; the function of allocating resources to production of public goods.

Типы предприятий:

37. Sole proprietorship (единоличное владение, индивидуальное предприятие) - an unincorporated business firm owned and operated by a single person; a firm with a single owner who has the right to all profits and who bears unlimited liability for the firm's debts.

38. Partnership (партнерство) - an unincorporated business firm owned by two or more persons; a firm with multiple owners who share the firm's profits and who each bear unlimited liability for the firm's debts.

39. Corporation (корпорация) - is a legal entity owned by stockholders, whose liability is limited to the value of the stock.

Инфраструктура рыночного хозяйства:

40. Product market (рынок товаров и услуг) - the market in which goods and services are exchanged.

41. Factor markets (рынки факторов производства) - are the markets for land, labor and equipment (which are known as factors of production, or simply as factors).

42. Labor market (рынок труда) - labor time is bought by employers at labor market, although the workers themselves are not bought.

43. Stock market (фондовый рынок) - financial assets, such as shares of firms, are bought and sold on the stock market.

44. Money market (денежный рынок) - the market in which the demand for and the supply of money determine the interest rate in the economy.

Модели рыночного хозяйства:

45. Free market economy (свободное рыночное хозяйство) - an economic system in which markets are competitive and there is little government intervention.

46. Mixed economy (смешанная экономика) - economy in which the outcome is the result of individual decisions that are affected by significant government intervention, but in which there is no central plan.

47. Social market economy (социальное рыночное хозяйство) - follows the principal features: the sanctity of private property; resource allocation should follow the dictates of the market unless there is a serious conflict with national social objectives; the economic goals (price stability, stable currency, full employment, balance of payments equilibrium, and stable economic growth) and social goals (social equity, social security, and social progress) are written into law.

48. Property rights (права собственности) - legal rules that establish what things a person may use or control, and the conditions under which such use or control may be exercised.

49. Private property (частная собственность) - the right of private persons and firms to obtain, own, control, employ, dispose of, and bequeath land, capital, and other assets.

50. Private sector (частный сектор) - the households and business firms of the economy.

51. State ownership (государственная собственность) - the ownership of property (land and capital) by government (state).

52. Public sector (государственный сектор) - the government sector of the economy; or central government, local government, nationalized firms and other organizations that are not privately owned.