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Economic Systems

Оглавление

Anna and Mark are sitting in the university library after their lecture on economic systems.


Anna: Mark, today the professor talked about different economic systems. Can you explain what they are?

Mark: Sure! An economic system is the way a society organizes the production, distribution, and consumption of goods and services.

Anna: So it’s about how an economy works?

Mark: Exactly. There are three main types: traditional, command, and market economies. Some countries also have mixed economies.

Anna: Can you explain each one?

Mark: Of course. A traditional economy relies on customs, traditions, and habits. People produce what they need and trade locally.

Anna: And a command economy?

Mark: In a command economy, the government makes most economic decisions, controls resources, and decides what to produce.

Anna: What about a market economy?

Mark: In a market economy, individuals and firms make economic decisions. Prices are determined by supply and demand.

Anna: And mixed economies?

Mark: Mixed economies combine elements of command and market systems. Governments intervene in some areas but leave others to the market.

Anna: I see. Understanding economic systems helps explain why countries make different choices.

Mark: Exactly. Each system has advantages and disadvantages.

Полезные фразы и выражения

economic system – экономическая система


production, distribution, and consumption – производство, распределение и потребление


traditional economy – традиционная экономика


command economy – командная экономика


market economy – рыночная экономика


mixed economy – смешанная экономика


government control – контроль правительства


supply and demand – спрос и предложение


to organize economic activity – организовывать экономическую деятельность


individuals and firms – люди и фирмы


advantages and disadvantages – преимущества и недостатки


to intervene – вмешиваться


economic decisions – экономические решения

Упражнения

1. Matching


Соотнеси английские слова с их переводом.


A


traditional economy

command economy

market economy

mixed economy

economic system


B


a. смешанная экономика

b. командная экономика

c. традиционная экономика

d. экономическая система

e. рыночная экономика


2. Fill in the blanks


Заполни пропуски словами из списка: (traditional, command, market, mixed, government)


A __________ economy relies on customs and traditions.


A __________ economy is controlled mostly by the government.


A __________ economy allows individuals and firms to make decisions.


A __________ economy combines elements of command and market systems.


In a command economy, the __________ makes most economic decisions.


3. Translation


A. Translate into English:


В традиционной экономике люди производят то, что им нужно, и обмениваются товарами.


В рыночной экономике цены определяются спросом и предложением.


Смешанная экономика сочетает элементы командной и рыночной систем.


B. Translate into Russian:


Economic systems organize production, distribution, and consumption.


Each system has advantages and disadvantages.


4. Speaking Practice (Dialog)


Работай в паре.


Student A: Ask what an economic system is.

Student B: Explain that it is the way society organizes production, distribution, and consumption.

Student A: Ask about the different types of economic systems.

Student B: Explain traditional, command, market, and mixed economies with examples.


Пример диалога:


Student A: Hi! What is an economic system?

Student B: An economic system is the way a society organizes production, distribution, and consumption of goods and services.

Student A: What types of economic systems exist?

Student B: Traditional, command, market, and mixed economies.

Student A: Can you give examples?

Student B: Sure. A traditional economy relies on customs, a command economy is controlled by the government, a market economy is guided by supply and demand, and a mixed economy combines government intervention with market freedom.

Ответы к упражнениям

1. Matching


1 – c

2 – b

3 – e

4 – a

5 – d


2. Fill in the blanks


traditional


command


market


mixed


government


3. Translation


A.


In a traditional economy, people produce what they need and trade goods.


In a market economy, prices are determined by supply and demand.


A mixed economy combines elements of command and market systems.


B.


Экономические системы организуют производство, распределение и потребление.


Каждая система имеет свои преимущества и недостатки.

Английский язык для экономистов. Основы экономического английского

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