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VOCABULARY LISTDate: 2015-10-07; view: 544.
Ex. 12. Give extensive answers to these discussion questions: 1. Name the most important economic resources and explain the problems any economic system has to solve with regard to them. 2. Describe the economic systems existing in the world today. Which is the most effective system from your point of view (mention the economic agents and their relationships)? 3. What is a market? How does the market mechanism function? 4. Do you agree that competition is an important force of the market? 5. What is entrepreneurial activity? 6. What are natural monopolies? 7. What characterizes the transition to market economy in Ukraine? 8. Is Ukraine attractive to foreign businessmen and investors? Why? 9. What are the most typical forms of business organization in market economies in the West and in Ukraine? 10. What liability is borne by different forms of business unit (joint-stock companies, partnerships)? 11. Does the state regulate business and economy? In order to get prepared for participation in the class discussion of the above questions, write several paragraphs on the following: a) The market mechanism; Use: to make contact; to do business; to choose; to solve; to buy; to sell; to compete; to produce; price; allocation of resources b) Competition; Use: to benefit from; to keep to cost; to utilize; economically; consumer preferences; prices; to protect; production costs Favourable/unfavourable economic situation in a country; Mention: economic activity; industrial production; standards of living; unemployment; inflation; external debt; prices; export; import d)An enterprise; e)A branch of industry; f) Forms of business organization: sole traders, partnerships (general, limited), private limited companies, public limited companies, cooperative societies. Ex. 13. Prepare a short talk on the following: a) Have you ever applied for or been offered a job? If so, describe the recruitment and selection process used by your employer. b)If you have worked, what jobs have you held? For each job describe your boss's attitude to employees and your attitude to the people you have worked with. c) The variety of jobs and careers among which to choose is enormous.- Are you going to work in private business, in government agencies or in the not-for-profit sector? d)Ukraine is moving towards market economy, but not every one is happy about it. Say why you think some people are opposed to market economy.
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