C. Put in the necessary prepositions

1. The term economics is derived … the Greek for oikos and nomos.

2. … goods we mean physical commodities, … services – activities.

3. Services may be consumed only … the instant they are produced.

4. It is not always easy to find a compromise … people’s desires … goods and services, and the scarcity … resource … which they can be produced.

5. The modern market economy comprises … three types of economic agents.

6. Consumers represent households that provide labour and other resources to produce … an income which they use to purchase consumer goods.

7. Producers acquire factors … production … households.

8. Outputs can be classified … goods and services.

9. The government is involved … the economy as a producer, consumer? Regulator and supervisor … economic activities.

10. Consumers, producers and the government have to make rational decisions … available resources.

11. The aim of the firm is to draw maximum profit … given resources or obtain desired results … the minimum efforts or cost.

Writing

Task I. Write a Summary and a GIST of Text A.

Task II. Fill in the table and comment on it.

Notion	Definition	Explanation	Example
Goods
Services
Microeconomics
Macroeconomics
Inputs
Output

Speaking

Task I. Comment on the table (Writing, Task II)

Task II. Prepare a talk on the subject of the Unit and present it in class.