Answer the questions

Answer the questions.

1. 
   Who contended with their theories?
   
2. 
   When was it called political economy?
   
3. 
   How does business receive money?
   
4. 
   What is profit?
   
5. 
   How many risks of ownership are there?
   
6. 
   Give examples of your own to a profitable business?
   

Activity 2. Give equivalents in your native language to the following word combinations:

Assume control, assume responsibility, assume measures; cover of payment, cover of loss, cover expenses, insurance cover, interest cover; bank customer, customer demand, customer order, customer’s needs, delivery to customer, customer complaint; joint efforts, concerted efforts; full-time employee, part-time employee, white-collar employee, blue-collar employee; administrative expenses, avoid expenses, consumption expenses, living expenses; to fail miserably, to fail in business; to invest in a company, to invest heavily, to invest in stocks; money lender; to lose one’s work; bring profit, to make profit, net profit, missed profit, total profit, profit tax; serve a customer; controlling shareholder, dividend to shareholder , ordinary shareholder; supplier of goods, major supplier, key supplier, supplier default; terms of payment, method of payment, rental payment.