Vocabulary. in accordance with –в соответствии с,

output – продукция, продукт

planner -плановик

in accordance with – в соответствии с,

согласно чему-л.

objective – цель, задача

owner – владелец, собственник, хозяин

advantage – преимущество

standard of living – уровеньжизни

to duplicate production – дублировать

производство

to divert – отвлекать (напр., ресурсы на

другие цели)

profit -прибыль

16. Give Russian equivalents:

directed economy to waste

manage to ensure

direct incentive

lower-level inefficient

17. Choose words from the list to fill in the gaps, then use them to make sentences:

private, social, inefficient, economic, proper, central, lower-level

1. _____ enterprise	5. _____ industries
2. _____health	6. _____ objectives
3. _____ system	7. _____ government
4. _____ owners

18. Answer the questions:

1) What is a planned economy?

2) What is the role of the government in planned economy?

3) How do planned economies differ from unplanned economies?

4) What are the advantages of planned economies?

5) What are the disadvantages?

19. Use words/phrases from the list to help you retell the text:

planned economy, manage, make decisions, use of resources, distribution of output, planners, in accordance with, private owners, advantages, standard of living, duplicating production, divert resources, disadvantages, incentive, start business, inefficient.

Unit 5