Vocabulary. to avoid disadvantages –избегать

social welfare – социальное

благосостояние

to avoid disadvantages – избегать

недостатков

to enjoy the benefits – пользоваться

преимуществами

to solve economic problems – решать

экономические проблемы

a share of the output – доля в объеме

производства

essential items – товары и услуги первой

необходимости

7. Give Russian equivalents:

environmental concerns, relevant aspects, state ownership, taxation, transfer payments.

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

government, economic, social, essential

1. _____ welfare	3. _____ disadvantages
2. _____ control	4. _____ freedom

9. Fill in the gaps with the words and expressions from the text:

1. Mixed economy is an economic system that includes a variety of _____ control.

2. The aim of mixed economies is to avoid _____ of planned and market economies.

3. The state controls _____ through taxation.

4. In the UK economy some services _____ by the state.

10. Answer the questions:

1. What’s a mixed economy?

2. What are the aspects of mixed economy?

3. What may government regulation include in this system?

4. What is the aim of mixed economies?

5. What does the state control in mixed economies?

6. Can you give examples of countries with mixed economy?

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

public and government control, private economic freedom, centralized economic planning, essential disadvantages, solving economic problems, share of the output, transfer payments, essential items.

Unit 7