- •I. The scope of economic problems
- •Opportunity Cost
- •The scope of economics and the role of the economist
- •Try to reconstruct the text using key words and word combinations listed above.
- •Answer the following questions to the text.
- •3. Define whether the statement is true or false.
- •Choose the best alternative to complete the sentence.
- •Match the words from a and b to make a combination.
- •Find synonyms and antonyms (if any) to the words given.
- •II. Production
- •Division of labour
- •Try to reconstruct the text using the key words and word combinations listed above.
- •Answer the following questions to the text.
- •Classification of trades
- •Products
- •Consumer products
- •Producer products
- •Products and technology
- •Product life cycle
- •Introductory stage
- •Product quality
- •Try to reconstruct the text using key words and word combinations listed above.
- •Answer the following questions to the text.
- •Economies of scale
- •Productivity
- •Types of production
- •Push and pull production
- •Continuous and batch production
- •Large scale production
- •Try to reconstruct the text using key words and word combinations listed above.
- •Answer the following questions to the text.
- •Define whether the statement is true or false.
- •Choose the best alternative to complete the sentence.
- •Match the words with their definitions.
- •Find synonyms and antonyms (if any) to the words given.
- •III. Business organisation
- •Sole trader
- •Partnership
- •Joint stock company
- •Business combinations
- •Integration
- •Capital Structure
- •Try to reconstruct the text using key words and word combinations listed above.
- •Answer the following questions to the text.
- •Define whether the statement is true or false.
- •Choose the best alternative to complete the sentence.
- •Match the words with their definitions.
- •Find synonyms and antonyms (if any) to the words given.
- •IV. Economic systems
- •Free enterprise
- •Planned economy
- •Mixed economy
- •Recent State Enterprise in Europe
- •Try to reconstruct the text using key words and word combinations listed above.
- •Answer the following questions to the text.
- •3. Define whether the statement is true or false.
- •4. Choose the best alternative to complete the sentence.
- •Classify the tasks you consider to be governmental responsibilities in the order of importance.
- •Match the words from a and b to make a combination.
- •7. Find synonyms and antonyms (if any) to the words given.
- •V. Government in a market economy Supplemental reading
- •Income and Social Welfare
- •References
Try to reconstruct the text using key words and word combinations listed above.
Answer the following questions to the text.
How can productivity be defined?
What is the importance of labour force?
What factors can improve productivity?
Where does the production process change over a short or a long time?
What makes product design change?
What is attention paid to in continuous production?
Which of the production types is less expensive?
What difficulties arise from frequent interruptions is the production cycle?
What are the advantages of large scale production?
Which of the advantages is the most crucial?
Are there any disadvantages of large scale production?
Define whether the statement is true or false.
Productivity has much to do with production.
The more goods the company produces the more efficient it is.
The design of a product demands special type of machinery.
Customers' needs change according to product design.
In a "pull" production system the company has to adjust to customers’ needs and wants.
Production process proves to be efficient if it is under due control.
Performing the same job on the same product helps to minimize fatigue.
Production process based on continuous production is subject to frequent alterations.
Continuous production is characterized by very little waste of material and time.
Batch production means producing goods in relatively small amounts.
Large scale production is based on automation, mechanisation and computerization.
There are plenty of disadvantages in large scale production.
Choose the best alternative to complete the sentence.
high efficiency
costs of production
to maintain the motivation and interest
relatively small amounts
resetting and cleaning
the production line
physical output and inputs
there is seldom standard product
to produce variations
efficiently and productively
Productivity is concerned with ______.
A company may produce only several goods but do it ______.
It is very unusual for this type of company ______.
______ in a "pull production" company.
Batch production is manufacturing of a product ______.
______ can be used to produce other goods.
_____ is paid great attention to in continuous production.
The main losses come from ______.
______ operators sometimes rotate jobs along the production line.
______ tend to lower when the production line is kept busy all the time.
Match the words with their definitions.
-
1.
Business gives quick responds to customers' wants.
a.
Input
2.
Correlation between physical output and inputs.
b.
Productivity
3.
Volume, quality and costs of products.
c.
Production
4.
Production of the standard product.
d.
Pull production system
5.
Producing goods to satisfy people's needs and wants.
e.
Output
6.
Due control over production process.
f.
Supervision
7.
The number of people, machines, material and money put in.
g.
Push production system.
8.
Production with low cost and little waste.
h.
Job rotation
9.
Passing on to a different job to maintain interest.
i.
Machinery
10.
A want for the product backed up by purchasing power.
j.
Continuous production
11.
One piece from a product range.
k.
Variety
12.
Production of goods in small quantities.
l.
Demand
13.
A wide range of products to choose from.
m.
Batch production
14.
Tools and equipment used in the production process.
n.
Item