Добавил:
Upload Опубликованный материал нарушает ваши авторские права? Сообщите нам.
Вуз: Предмет: Файл:
maket_engl_for_economics.doc
Скачиваний:
0
Добавлен:
01.05.2025
Размер:
1.6 Mб
Скачать

12. Paraphrase the following sentences, substituting the words from the text for the underlined words:

  1. The idea of a perfect market is a theoretical concept. There is no … market ….

  2. Each commodity market is imperfect in some special way.

  3. Long time ago people used to buy everything they needed in markets.

  4. His consent depends on your approval.

  5. With the help of our agents we managed to sell our house.

  6. A fall in the barometric pressure shows a change in the weather.

  7. The quantity of those who took part in the conference was very limited.

  8. At that stage we had a number of problems to solve.

TEXT B

PRE-READING

              1. Work as a group. Read the following names of the companies. Do you know what the abbreviations stand for?

BOAC

ICI

NYSE

Post Office

British Coal

Ukrtelecom

BP

WELTON TELECOM

2. Answer the questions:

  1. What do they have in common?

  2. In what way are they different?

  1. Read the text and check your answers:

In some markets there may be only one seller or a very limited number of sellers working very closely together to control prices. Such a situation is called a ‘monopoly’. The target of such monopolistic activity is to fix prices at a level suitable to the seller, a level which may bring them artificially high profits. Some monopolies are legal. In practice, it is possible to distinguish, four kinds of monopoly.

State planning and central control of the economy often mean that a state government has the monopoly of important goods and services. Some countries have state monopolies in basic commodities like steel and transport, while other countries have monopolies in such comparatively unimportant commodities as matches.

A different kind of monopoly arises when a country, through geographical and geological circumstances, has control over natural resources or important services, such as water, gas, electricity and telephones where it may not be economic to have a large number of competing companies which lay cables or pipes to the same consumers. Such monopolies can be called natural monopolies.

They are very different from legal monopolies, where the law of the country permits certain producers, authors and inventors to have a full monopoly over the production and sale of their own products.

But certain companies ‘corner the market’ in order to obtain complete control over particular commodities. It is illegal in many countries. In the USA anti-trust laws operate to restrict such activities, while in Britain the Monopolies Commission examines all special arrangements and mergers which might lead to undesirable monopolies.

PRACTICE

1. The following are dictionary definitions of words in the text. Guess what these words are.

  1. joining of two companies

  2. the market condition that exists when there is only one seller;

  3. the difference between the price received for a product and its cost;

  4. permitted by law;

  5. a meeting of people for selling and buying;

  6. companies that contend for a profit;

  7. person who buys and uses goods and services;

Соседние файлы в предмете [НЕСОРТИРОВАННОЕ]