Vocabulary Focus

1. Complete the sentences, choosing the right word.

1. It’s … property!

a) market b) private c) free

2. He … the car to me for $1000.

a) produced b) determined c) sold

3. This shop … my favorite brand.

a) determines b) sells c) regulates

4. Our manager … not to leave.

a) has provided b) has determined c) has decided

5. The Prime Minister has formed a new … .

a) market b) government c) society

6. Most shops allow the purchaser … goods.

a) to alleviate b) to sell c) to exchange

2. Look through the text and find English equivalents.

устанавливать цены

торговля и обмен товарами и услугами

саморегулирование

решать, в каком количестве производить

обеспечить стабильность

правительственный контроль

находиться во владении и управляться государством

3. Match the words from Key Vocabulary with their definitions.

a) an organized group of people associated together for religious, cultural, scientific, political, patriotic, or other purposes

b) a sum of money demanded by a government for its support or for specific facilities or services

c) the sum or amount of money or its equivalent for which anything is bought, sold, or offered for sale

d) money that is paid or received for work or services, as by the hour, day, or week

e) the act or process of buying, selling, or exchanging commodities within a country or between countries

Talking Points

1. Think about features, advantages and disadvantages of different types of economic systems. Discuss these issues in pairs or small groups first, and then make a report.

	Traditional economies	Market economies	Planned economies	Mixed economies
Features
Advantages
Disadvantages

2. List countries which have these economic systems.

Summary Points

1. Look through the text about different types of economic systems once more and identify its main idea.

2. Draw up an outline of the text.

3. Can this text be divided into some parts? How many and what are they? Give a one-sentence summary of each point of your plan.

Use the following vocabulary:

This text can be divided into … parts.	Текст можно разделить на … частей.
The text consists of … parts.	Текст состоит из … частей.
The first (second, third, etc.) part deals with …	В первой (второй и т.д.) части говорится о…
In the first (second, third, etc.) part the author describes (discusses, studies, offers, states, analyzes) …	В первой (второй, третьей) части автор описывает (обсуждает, изучает, предлагает, утверждает, анализирует) …
Finally, the author shows …	В заключение, автор показывает …