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Date: 2015-10-07; view: 441.


Everything that is really great and inspiring is created by the individual who can labor in freedom.

Unit 5. FREE-ENTERPRISE SYSTEM

  TEXT A: What is free enterprise? TEXT B: Role of government in a free-enterprise economy TEXT C: Invisible hand BUSINESS COMMUNICATION: At the airport GRAMMAR: Future Tenses. The Imperative Mood  

 

Albert Einstein (1879 - 1955),

a German theoretical physicist

 

1. Do you feel free? What freedoms do you enjoy? What freedoms are guaranteed in a democratic society? How do you understand economic freedom?

2. If you are free, it means that it is no one but you who makes decisions. What motivates you in decision-making? What motivates people in making economic decisions?

3. While the pure market economy does not imply government's interference at all, the free enterprise economy does. In what spheres do you think government can perform better than private companies?

 


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