1. There (to be) various forms of government restrictions and regulations in economies. For example, Turkey and Norway both (to limit) profits of firms, the latter also (to control) prices and wages; in Bolivia the tin mines (to nationalize)', in China communes (to establish)', in Cuba the government (to own) many industries and firms; and in Britain eight basic industries (to nationalize).
A free market economy (to be) rare in the world.
The level of economy regulation (to be) different in different countries. In some countries it (to grow) in recent years, in others more freedom (to grant) to firms and individuals. But the general tendency (to be) to keep government regulation at quite a high level.
Task 8. : , , .
Ex. 9. :
Both, government, restrictions, the former, the latter, economics, through, to
Produce, services (2), goods (2), regulations, mixed economy
1.Every group of people must solve three main problems: what... and... to produce, how... them and for whom to produce them.
Is placed among the social sciences.
Markets in which there is no... intervention are called free markets.
Society allocates resources into production... the price system.
There are no government... and... in a free market economy.
Is an economy in which the government and private sector cooperate in solving economic problems.
Government regulations and restrictions must... work in the interests of society.
People produce... and are produced in factories or on farms,...
At schools, hospitals, shops, banks.
Ex. 10. .
1.America's strong demand for automobiles explains
In contrast to market economies, economies with different forms of dictatorial control
Big corporations are not allowed to dominate an industry or a market
In some industries, such as radio, television, telephone services and some others, competition cannot be relied
Resources are the things or services that are used
Economics and economists play an important role at the highest levels of governments
Until the middle of the 18th century, industry (in contrast to agriculture and commerce)
Under capitalism, economic decision-making is decentralized
A.)may be called command economies.
B)entirely through government regulation.
C)and resources are allocated through goods and services markets.
D)why auto workers have historically been among the highest paid workers in the world.
