Toshkent m oliyainstituti

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.
Task 3.Give your idea on the topic:” Distribution and promotion”

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What do you know about Production?
Task 2. Read and retell the text.
Offers made in writing usually state the nature and description of the goods 
offered, the quantity, the price, the terms of payment and the time and place of 
delivery. Offers may be firm (or binding) or without engagement.
A firm offer is made by the Seller to one potential Buyer only and usually indicates 
the time during which it will remain open for acceptance. If the Buyer accepts the 
offer in full within the stipulated time, the goods are considered to have been sold to 
him at the price and on the terms stated in the offer. According to English and 
American law, a person making a firm offer has the right to revoke it at any time 
before it has been accepted.
An offer without engagement does not bind the Seller and therefore may be made 
to several potential Buyers. If the Buyer accepts such an offer, the goods are 
considered to have been sold to him only when the Seller, after receipt of the 
Buyer’s acceptance, confirms having sold him the goods at the price and on the 
terms indicated in the offer.
A franchise is a grant or right to sell some other company's product or service 
within a given area or territory. A franchise is not so much a business as a method 
of doing business. It permits people to organize as a sole proprietorship, a 
partnership, or a corporation. The individual or individuals enter into an agreement 
to sell another company’s product or service in one area. The franchise agreement 
spells out the duties of both parties.