Toshkent m oliyainstituti

Task 3.Give your idea on the topic: 
” Industries”

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How do you create an effective organization?
Task 2. Read and retell the text.
Factors of production — natural resources, labor, capital goods, and 
entrepreneurship. All countries must make decisions about how these factors of 
production will be used to provide goods and services for its people. Let's take 
another look at these factors of production.
Natural resources are all the things like trees water, minerals, and fish that come 
from the land or the sea. Labor is the work done by people to produce goods and 
services. Through their work, people change the raw materials taken from the land 
and the sea. Another factor of production is capital goods, the machines, buildings, 
and equipment used to produce goods and services and to move them to the 
consumer. Capital goods are also made by labor. Entrepreneurship is provided by 
individuals who are willing to take the risk of starting and managing businesses. The 
wants people have for goods and services are unlimited. However, each country has 
a limited amount of resources from which to provide goods and services. Suppose 
you live in a country in which everyone does what his or her mother or father does. 
If your father is a farmer, you become a farmer. If your mother weaves baskets, you 
weave baskets. An economic system in which people do things the way they have 
always done them is called a traditional system. The same tools and methods used 
by parents and grandparents are used by people today. Most traditional economic 
systems have found it hard to grow. They fall behind other countries. They use their 
resources as they always have because they value their traditional ways of living. 
New methods and products are not accepted, so the system does not grow. 
Sometimes the government of a country — and the government alone — gives the 
answers to what kind of economic system the country will have. The government 
owns the resources and employs the workers. It decides what workers will do, what 
goods and services they will produce, how much will be produced, and what income 
they will receive. This type of economic system is called a command system.