Vocabulary

to account for – cоставлять долю

adjustment – регулирование

approximately – приблизительно

banking centre – банковский центр

barley – ячмень

beets (sugar beets) – сахарная свекла

to borrow – занимать

public borrowing – государственный заем

competitiveness – конкурентоспособность

considerably – значительно

crop – культура, урожай

to deliberate – ослаблять

decline – спад

to derive – происходить

to emerge – выйти из

to encompass – включать в себя

equipment – оборудование

electronic data processing equipment – электронное оборудование для обработки информации

to exceed – превышать

excise – акциз

expenditure – расход

to fall short – нехватка

forefront – передний край

frequent – частый, обычный

gross national product (GNP) – валовой национальный продукт (ВНП)

share holdings – акции

manufacturing industry – обрабатывающая промышленность

marine – морской

merchant – торговый

mixed – смешанный

navy – флот

negotiations – переговоры

labor negotiations – переговоры об условиях труда

owing to – благодаря

petrochemicals – продукты нефтехимии

precision instrument – прецизионный (точный) инструмент

to predominate – преобладать, господствовать

to prevail – преобладать

productivity – производительность

prosperity – процветание

to rank – занимать определенное место

revenue – доход

self-sufficient – самостоятельный

share – доля, акция

to shrink – уменьшаться

steady – устойчивый

taxation – налогообложение

Virtually – фактически

wheat – пшеница

II. Make up your own examples with the vocabulary

III. Answer the questions

1. What has the United Kingdom developed?

2. What is growing faster than the population in the UK?

3. Why was the state sector reduced during the 1980s and 1990s?

4. What was gradually reduced but remained high?

5. What do government policies include nowadays?

6. What is placed on increased exposure of the economy to market forces?

7. What production does the government control?

8. What do major manufactures include?

9. How much does agriculture account?

10. What do chief crops include in the UK?

11. How much does the mineral industry account?

12. What has allowed the United Kingdom to become virtually self-sufficient in petroleum?

13. What remains one of the largest and most technologically advanced in Europe?

14. What are chief imports of Great Britain?

IV. Complete the sentences

1. The United Kingdom has a developed …

2. … is growing faster than the population.

3. … were gradually reduced but remained high.

4. Considerable emphasis is placed on ….

5. … for one-fifth of the GNP.

6. …are being developed.

7. Agriculture accounts for less than …

8. Farming is highly mechanized, though …

9. Public revenues ordinarily fall short of …

10. …is a major world financial and banking centre.