Traditional system
1. An economic system in which people do things the way they have always done
them.
2. An economic system that combines some parts of other systems.
3. An economic system in which the government owns the resources and desides
what
the workers will do, what goods and services the will produce, and what
income they will receive and employ the workers.
4. An economic system in which the opportunity to
buy and sell according to
demands made by consumers is the rule.
Exercise 2. Say what is true and what is false. Correct the false sentences.
1) In a command economic system the government decides what will be produced.
2) In a market economic system price doesn't place an important role in
determining what will be produced.
3) Countries which have traditional economic system don't
fall behind other
countries.
4) If the price is high enough to provide a profit for the producers, then
the item
will be produced.
5) The wants people have for goods and services are limited.
6) Consumers and producers play the two most important roles in a market
economy.
7) No economic system is perfect.
Task 3. Grammar
Exercise 1. Match the verbs (1—6) to the nouns (a-f) to make common
collocations.
1)
draw up
a)
press releases
2)
install and maintain
b)
contracts
3)
keep
c)
research
4)
train
d)
systems
5)
carry out
e)
records
6)
issue
f)
staff
Exercise 2. Write the name of the activity from Exercise 1 which is typically
