Exercise 1. Read the text and find proper definitions:
Command system
Market system
Mixed system
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 performed by each of these departments.
1 R&D
2 Public Relations
3 Legal
4 IT
5 Human Resources
6 Administration
Task 4. Writing
If you were given one million, how would you spend that amount of money?
Write your opinion (150-200 words)
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