Exercise 2 Remember the examplanations of the following words

Exercise 1 Give derivatives of these words

Economy production employ

Employment expansion trade

Competition growth export

Scarcity consumer own

Exercise 2 Remember the examplanations of the following words

Output	The work or product produced	Answers
Commodity	Goods sold in very large quantities, such as metals, foodstuffs	a raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
Consumer	Individual buyer	a person who purchases goods and services for personal use.
Ensure	Guarantee, makecertain	make certain that (something) shall occur or be the case
Prevent	Stop from happening	keep (something) from happening or arising
Expansion	Increaseinsize	the action of becoming larger or more extensive

Exercise 3 Choose the suitable words

Economy/ economics

1.We are students of _____ economics ___

2.Within a market Economy , business

Economical/economic

1. 
   Our country’s ______ Economical____ situation is getting better.
   
2. 
   How could the most ___ Economical _______ use of our time be organized?
   

Economical/ economically

1. 
   That engine is not the most __ Economical ________
   
2. 
   Many students can spent their time ___ economically _______
   

Economize/ economist

1. 
   John Keynes was the great English __ economist __________
   
2. 
   Don’t __ Economize ________ on thingswhich will hardly save you any money
   

Exercise 4Match the antonyms of the words in the left

Advantage disadvantage

Improvement deterioration

output Input

Effective ineffective

Advancement recession

Avaible unavailable

Accessible inaccessible

Skillful unskillful

Exercise 5 Translate the text into Uzbek or Russian

Black Economy

Illegal or semilegal goods and services, ranging from endangered animals and foreign currencies to prostitution and drugs, are traded every day on the world’s black markets.They will spring up wherever a good or service is prohibited or severely controlled. In some countries, black markets are tolerated with little or no police interference. In countries where currencies are artificially controlled, the black market rates usually indicate the true market price. When the official rate has nothing to do with the real value of a currency, people start trading outside official market. In Brazil, thiswas tolerated to the point that the blackmarket rates were publishedas parallel exchange rtates in the newspapers. The black economy consists of those underground transactions that, because of their illegality, go unreported.

Theworld economy is also full of semilegal or “gray market” activities such as transfers and deposits of legally earned but undeclared funds that have to be hidden from the authorities at home. For example, normally law- abiding Italian, French, and Latin American citizens have often transferred money to bank accounts abroad during periods of domestic economic instability and exchange restrictions.

Qora iqtisodiyot

Noqonuniy yoki semilegal tovarlar va xizmatlar, yo'q bo'lib ketish xavfi ostida turgan hayvonlardan va chet el valyutalaridan tortib to fohishalik va giyohvand moddalarga qadar har kuni dunyoning qora bozorlarida sotiladi. Ular tovar va yoki xizmat taqiqlangan yoki qattiq nazorat qilinadigan joylarda paydo bo'ladi. Ba'zi mamlakatlarda qora bozorlarga politsiyaning aralashuvi juda oz yoki umuman yo'q. Valyutalar sun'iy ravishda boshqariladigan mamlakatlarda qora bozor kurslari odatda haqiqiy bozor narxini ko'rsatadi. Rasmiy kursning valyutaning haqiqiy qiymatiga hech qanday aloqasi bo'lmaganida, odamlar rasmiy bozor tashqarisida savdo qilishni boshlaydilar. Braziliyada qora bozor kurslari gazetalarda parallel ravishda rasmiy kurslar e’lon qilinib boradi. Qora iqtisodiyot, ularning noqonuniyligi tufayli hisobot berilmaydigan yashirin bitimlardan iborat. Shuningdek jahon iqtisodiyoti yarim rasmiy yoki "kulrang bozor" faoliyati yani qonuniy yo'l bilan topilgan, ammo rasmiylashtirilmagan mablag'larni o'z egalari tomonidaan uyida saqlanadigan mablag’lar, transfertlar va depozitlar bilan to’la. Misol uchun, odatda qonunga itoat qiladigan Italiya, Frantsiya va Lotin Amerikasi fuqarolari ichki iqtisodiy beqarorlik va valyuta cheklovlari davrida ko'pincha chet eldagi bank hisobraqamlariga pul o'tkazadilar.