4. Find in the text the sentences in which the following words and phrases are used and translate them into Ukrainian:

Highly industrialized countries; self-sufficient; vital role; the rate of inflation; self employment, manufacturing productivity; the Government’s economic strategy, through privatization and contracting out; major nationalized industries; annual turnover; direct control.

5. Find in the text English equivalents for the following:

Приватне підприємство, національний валовий продукт, успішно розроблені родовища нафти та природнього газу, важлива роль, робоча сила, національний видобуток, ведучі індустріальні країни, громадські витрати та позики, суттєва кількість, перенести з громадського в приватний сектор, промислові концерни, валюта, строго перевіряється.

6. Say whether these statements are true or false. If some of them are false, give your version:

1. Britain’s economy is based primarily on private enterprise.

2. Britain is one of the agricultural countries: for every person employed in industry, twelve are employed in agriculture.

3. Most of the gross product comes from manufacturing.

4. Britain imports oil and natural gas from different countries.

5. The Government’s economic strategy is centered on keeping the rate of inflation up.

6. Since 1980s British Gas, British Telecom and British Steel have been nationalized.

7. Britain is a major financial center.

7. Answer the following questions:

1. What can you say about Great Britain’s economy?

2. What plays a vital role in Britain’s economy?

3. Is Great Britain of highly industrialized country?

4. What are the largest manufacturing concerns in Britain?

Завдання для самостійної роботи (british economy)

1. Fill in the blanks with a suitable word in the correct form. Translate the sentences into Ukrainian.

Employed; market; gross national product; sells; highly industrialized; exploitation; crisis

1. Britain is one of the most … countries in the world.

2. Most of the … comes from manufacturing.

3. With the discovery and … of oil and natural gas from under the North Sea the country has become self-sufficient in energy.

4. For every person … in agriculture, twelve are … in industry.

5. Great Britain is a member of the Common … .

6. Europe … more to Britain than it buys from her.

7. Britain, which once ruled the world, is going through one … after another.

2. Complete the following sentences:

1. Private enterprise in Britain accounts for … . 2. Services contribute a growing proportion of … . 3. Britain successfully exploiting oil and natural gas from … . 4. Exports of goods and services make up 25% of … . 5. From 1981 to 1989 the economy experienced of … . 6. Government policy seeks to improve the working of markets and promote … . 7. A substantial amount of activity has been transferred from … . 8. The remaining major nationalized industries are … . 9. Britain housing some of the world’s leading … . 10. Direct control on pay, prices, foreign exchange dividend payments and commercial credit are under …