I. Reading Exercises:

Exercise 1. Read and memorize using a dictionary:

profitability, quality, quantity, income, gain occur, surplus, consumer, enterprise, customer, share, distribution

Exercise 2. Answer the questions:

1) What are the main processes of a company?

2) Why do the real process and income distribution process need to be analysed separately?

3) What is the magnitude of the change in income distribution is directly proportionate to?

4) What is profitability?

Exercise 3. Match the left part with the right:

1. Surplus value to the producer is a result of the real process,	a) the producer has been able to keep to himself in the income distribution process.
2. The magnitude of the change in income distribution is directly proportionate	b) and measured proportionally it means productivity.
3. The profitability of production is the share of the real process result	c) and it can be described by means of the production function.
4. Real process generates the production output from input,	d) to the change in prices of the output and inputs and to their quantities.

Exercise 4. Open brackets choosing the right words:

Income distribution process of the production refers to a series of (items/events) in which the unit prices of constant-quality products and inputs (alter/rise) causing a change in income distribution among those participating in the exchange.

The speaking module

II. Speaking Exercises:

Exercise 1. Describe real process, profitability, price system, production process

using the suggested words and expressions as in example:

real process quality, events, inputs, quantity, combined, refer to, different, production example: It refers to a series of events in production in which production inputs of different quality and quantity are combined into products of different quality and quantity.

profitability share, income, producer, distribution, result, to keep, process, real

price system suppliers, enterprise, customers, production, gains, productivity, mechanism, distributed, business, parties, inputs, staff

production process distribution, result, profitability, criterion, process, success, income, real

Exercise 2. Ask questions to the given answers:

1) Question: ___________________________________________ ?

Answer: The production process and its sub-processes, the real process and income distribution process occur simultaneously.

2) Question: ___________________________________________ ?

Answer: Factors describing the production process are the components of profitability.

3) Question: ___________________________________________ ?

Answer: Davis has deliberated the phenomenon of productivity, measurement of productivity, distribution of productivity gains, and how to measure such gains.