X o r I j iy t I l L a r

Task 2. R ead and retell the text.
American businesses produce, market, and distribute goods and services. 
Money makes it possible for businesses to obtain what they need from 
suppliers and for consumers to obtain goods. Money is defined as 
anything customarily used as a medium o f exchange, a unit o f accounting, 
and a store o f value. The basis o f the market economy is voluntary 
exchange. In the American economy, the exchange usually involves 
money in return for a good or service. 75 The Functions o f Money Most 
Americans think o f money as bills, coins, and checks. Historically, and in 
other economies, money might be shells, gold, or even goods such as 
sheep. Economists identify money by the presence or absence o f certain 
functions. A nythin g that is used as a medium o f exchange, a unit o f
accounting, and a store o f value is considered money Most people are paid 
for their w ork in money, which they then can use to buy whatever they 
need or want. Without money people would have to baiter - exchange 
goods and service for other goods and services. Suppose you worked in a 
grocery store and were paid in groceries because money did not exist. To 
get whatever you needed, such as clothes and housing, you would have to 
find people who have the goods that you want. In addition, those people 
would have to wan t the exact goods - in this case, groceries - that you 
have. Barter requires what economists call a double coincidence o f wants. 
Each party to a transaction must want exactly what the other person has 
to offer. This situation is rare. As a result, people in societies that barter 
for goods spend great amounts o f time and effort making trades with one 
another.
T ask 3. G ive you r idea on the topic: “ Are small businesses common 
in your country”

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What is the benefits o f on-line shopping?