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Types of Goods

Оглавление

Anna and Mark are sitting in the library after a lecture about types of goods.


Anna: Mark, the professor mentioned different types of goods. Can you explain them?

Mark: Sure! Goods can be classified in several ways, such as normal and inferior goods, public and private goods, and complementary and substitute goods.

Anna: What are normal and inferior goods?

Mark: Normal goods are those for which demand increases when income rises. Inferior goods are those for which demand decreases when income rises.

Anna: And public and private goods?

Mark: Private goods are rival and excludable. If one person consumes them, another cannot. Public goods are non-rival and non-excludable, like street lighting or national defense.

Anna: What about complementary and substitute goods?

Mark: Complementary goods are used together, like coffee and sugar. Substitute goods can replace each other, like tea and coffee.

Anna: I see. Understanding types of goods helps businesses and governments make better decisions.

Mark: Exactly! It helps explain consumer behavior and market outcomes.

Полезные фразы и выражения

types of goods – типы товаров


normal goods – нормальные товары


inferior goods – некачественные (инфериорные) товары


public goods – общественные товары


private goods – частные товары


complementary goods – дополнительные, взаимодополняющие товары


substitute goods – заменяющие товары


rival – конкурентный


excludable – исключаемый


non-rival – неконкурентный


non-excludable – не исключаемый


consumer behavior – поведение потребителей


market outcomes – результаты рынка


income – доход

Упражнения

1. Matching


Соотнеси английские слова с их переводом.


A


normal goods

inferior goods

public goods

private goods

complementary goods


B


a. общественные товары

b. нормальные товары

c. некачественные (инфериорные) товары

d. дополнительные товары

e. частные товары


2. Fill in the blanks


Заполни пропуски словами из списка: (substitute goods, private goods, complementary goods, income, public goods)


__________ are used together, like coffee and sugar.


__________ are goods that can replace each other, like tea and coffee.


__________ are non-rival and non-excludable, like street lighting.


__________ are rival and excludable, like a sandwich or a phone.


Demand for normal goods usually rises with higher __________.


3. Translation


A. Translate into English:


Нормальные товары пользуются большим спросом при росте дохода.


Общественные товары не являются конкурентными и не исключаемыми.


Взаимодополняющие товары используются вместе.


B. Translate into Russian:


Substitute goods can replace each other in consumption.


Understanding types of goods helps explain consumer behavior.


4. Speaking Practice (Dialog)


Работай в паре.


Student A: Ask about different types of goods.

Student B: Explain normal, inferior, public, private, complementary, and substitute goods with examples.

Student A: Ask why it is important to understand types of goods.

Student B: Explain that it helps businesses and governments understand consumer behavior and market outcomes.


Пример диалога:


Student A: Hi! Can you explain the types of goods?

Student B: Sure! There are normal and inferior goods, public and private goods, and complementary and substitute goods.

Student A: Can you give examples?

Student B: Normal goods increase in demand when income rises, inferior goods decrease. Private goods are rival and excludable, public goods are non-rival and non-excludable. Complementary goods are used together, like coffee and sugar, and substitute goods can replace each other, like tea and coffee.

Student A: Why is it important to understand these types?

Student B: It helps businesses and governments understand consumer behavior and predict market outcomes.

Ответы к упражнениям

1. Matching


1 – b

2 – c

3 – a

4 – e

5 – d


2. Fill in the blanks


complementary goods


substitute goods


public goods


private goods


income


3. Translation


A.


Normal goods increase in demand when income rises.


Public goods are non-rival and non-excludable.


Complementary goods are used together.


B.


Заменяющие товары могут заменять друг друга в потреблении.


Понимание типов товаров помогает объяснить поведение потребителей.

Английский язык для экономистов. Основы экономического английского

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