Toshkent m oliyainstituti

Task 3.Give your idea on the topic: “Professions and careers”
inflation. This is not necessarily a part of the business cycle. Rather, it is a kind of

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What is Corporation?
Task 2. Read and retell the text.
The United States has a private enterprise economy. We also call it a free 
enterprise system, or simple capitalism. Individuals - not the government - are 
primarily responsible for running it. And it's an enterprise or undertaking. So a 
private enterprise economic system is a kind of "people-run" undertaking a people- 
run economy. Most goods and services are produced by business firms. People own 
those business firms, as well as land, houses, and all kinds of property. We regard it 
as a right to have private ownership and to run our own businesses. .
Free enterprise is another term used to describe this economic system. You are free 
to buy-whatever you want as long as you have the money to pay for it, it is legal, 
and it is available! You are free to work where you want, or to start your own 
business. If you do start a business, you are free to produce any legal goods and 
services. There is a need for a great deal of capital, the money or other material 
wealth needed to run businesses.
Private enterprise, free enterprise, and capitalism all describe the economic system. 
Some other features of the private enterprise system include an emphasis on 
consumer goods, freedom of choice, high productivity, the profit motive, and 
competition. Consumer goods - the products that all of us want or need. Natural 
resource will not last forever. Many of them cannot be renewed, cannot be re­
created. We have to plan, we have to conserve, and we have to use natural recourses 
carefully. Using capital goods makes it possible for businesses to make the products 
we want much faster and more efficiently.