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14. Find words in passage IV for which these words could be substituted.

societies, cause, enjoyed, frequently, unsatisfactory, lawlessness, written agreement, regular pay in old age, mainly, inclined

15. Answer the questions about passage V.

  1. What two things are greatly reduced in communistic system?

  2. What area do they occupy in the economy?

  3. What did Karl Marx propose about private property?

  4. What is the theoretical communist view on property?

  5. What is the position in practice?

  6. What does the State do in the communist system of central planning?

  7. What two decisions does the central authority make?

  8. What does the authority control?

  9. What can authority do about prices?

  10. What is the State responsible for and what must it do?

  11. Are there any completely communistic states?

  12. Are there any completely capitalistic states?

  13. Do the various national economies tend towards one or other ideology?

  14. Are the various economic systems difficult to classify?

  15. Have most countries found economic control necessary?

  16. Has the US felt the same need?

  17. Are the under-developed countries interested in control and planning?

  18. Has India had a number of national economic plans?

  1. Is the Indian economy based entirely on private enterprise?

  2. Does the Indian economy have two distinct sectors?

  3. Is the Indian system a mixed economy?

  4. Is BOAC a nationalised British industry?

  5. Is ICI a nationalised British industry?

  6. Was the NEDC set up by the British government?

  7. Are both employers and employees represented on the NEDC?

  8. Why is it difficult to classify many national economic systems?

  9. What are the under-developed countries?

  10. What is Indian system sometimes called?

  11. In which sector are the majority of British industries?

  12. What did the British government set up in 1962?

  13. What performs the function of the capitalistic price system in communist countries?

  14. What are prices in a capitalistic system related to?

  15. What does the price system depend upon?

  16. In a capitalistic system, what does production follow?

  17. When does production fall?

  18. In a communistic system, what does the control exercised by the State prevent from happening?

16. Say if these statements are true or false, and why.

  1. The USSR was completely communistic.

  2. The USA is not completely capitalistic.

  3. Many economic systems in the world are not difficult to classify.

  4. Even the United States finds it necessary to control national economic conditions to a certain extent.

  5. The interest of the under-developed countries in long-term planning is inevitable.

  6. India makes a clear distinction between the two sectors of its typically mixed economy.

  7. The nationalised industries in Britain are inevitably in the private sector of the economy.

  8. Giants like ICI and BP are not publicly owned.

  9. The British government controls the economy very strictly through the NEDC.

  10. Planning ahead in a mixed economy is not particularly difficult.

  1. Private property in a capitalistic state is reduced to a minimum.

  2. Karl Marx wanted a world in which there would be no private property.

  3. Communist theory and practice are not exactly the same as regards property.

  4. Central planning by the State is an essential part of the communist system.

  5. The central authority decides on the quantity, quality, price and place of sale of any commodity.

  6. The central authority is responsible for the economy but is not concerned with methods of production.

  7. The word “Marxist” is very similar in meaning to the word “communist”.

  8. Marxism is concerned with the needs of the private individual.

  9. Collective needs are more important in a communist state than the needs of the individual.

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