Exercise 9. Speak about your future profession

E C O N O M I C S Y S T E M S

I. Read and learn the following words and phrases:

resources – ресурсы

land – земля

available – доступный

to satisfy – удовлетворять

demand – спрос

inhabitants – жители

amount – объем

direction – управление

to decide – решать

decision – решение

consumption – потребление

feature – характерная черта, особенность

ahead – вперед

advantage – достоинство, преимущество

enough – достаточно

to divert – направлять

disadvantages – недостаток

to exist – существовать

to predict – предсказать, предугадать

private enterprise – частное предпринимательство

ownership – собственность

wage – заработная плата

according to / in accordance with – в соответствии с

to interact – взаимодействовать

to determine – определять

pure – чистый

side by side – бок о бок

share – часть, доля

to transfer – переводить, перемещать

items – предметы (товары)

defense – оборона

to avoid – избежать

II. Read the text:

TYPES OF ECONOMIC SYSTEMS

There are a number of ways in which a government can organize its economy.

An economic system is the way in which a country uses its available resources (land, workers, natural resources, machinery, etc.) to satisfy the demand of its inhabitants for goods and services.

There are three main economic systems.