- •Economic systems
- •Match the terms with their definitions.
- •Choose three terms and describe their meaning in everyday life in small
- •Before you read Text a scan it and find three sentences that convey the main ideas. Text a Types of Economic Systems. Traditional and Command Economies.
- •Vocabulary prectice
- •A) Find in the text English equivalents for the following word combinations. Write your own sentences using them.
- •Give Ukrainian equivalents for the following word combinations.
- •Make up and play out a dialogue with another student using the
- •The italicized words in the sentences below are found in this unit. Study the sentences. Then identify the part of the speech and write your own definition for the words on the line provided.
- •In each set of words, cross out the words that does not have a similar meaning to the first. Compare your answer with another student. Discuss why the words are similar.
- •Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
- •Write one word in each gap to complete the sentences.
- •Prepare a summary to Text a.
- •Read the text. Number the following words with their underlined equivalents in the text.
- •McDonald’s and Hindu Culture
- •Translate into English:
- •Read the following text. For each gap, choose the best words a, b, c, or d.
- •You are going to read the text about “a traditional economy”. . A) Brainstorm words connected with “ economy”
- •A traditional economy
- •Scan the text. Title it and prepare a brief summary of the text.
- •Before you read Text b scan it and find three sentences that convey the main ideas. Text b a Market Economy
- •Vocabulary prectice
- •A) Find in the text English equivalents for the following word combinations.
- •Answer the following questions:
- •Fill in the missing words in the sentences below. Choose from the box. Translate the sentences into Ukrainian.
- •Translate into English:
- •Make up a question plan to the text. A mixed economy
- •Which of these statements gives the best summary of the ideas in the text?
- •Mark these statements t (true) or f (false) according to the information in the text. Find the part of the text that gives the correct information.
- •Economic and Social Goals
- •2. Read the text “Economic and social goals” and answer the following questions:
- •Read the text and make a question plan to it. Write a summary to
- •Complete a graphic organizer like the one below to identify the five characteristics of a free enterprise economy. Then provide an example of each.
- •Stolen Profits
- •Worldwide Problem
- •Hot Growth at Claire’s
- •The owner of a successful business empire
- •The Role of the Consumer
- •Принципи ринкової економіки
- •Answer the following questions.
- •Assignments for discussion.
- •Comparing Economic Systems
- •Use a graphic organizer like the one below to describe how economic systems answer the basic economic questions.
- •V. Role-play
- •1. Listen to Michael Kitson talking about the role of government.
- •2. Fill in the gaps.
- •3. Listen again and answer the questions.
- •Complete the words below to match the following meaning
Prepare a summary to Text a.
Read the text. Number the following words with their underlined equivalents in the text.
-
divide
express
conform
related to
action
enterprise
habit
firm
individual
leader
problem
structure
McDonald’s and Hindu Culture
When (1) companies want to do business in other countries, they need (2) to adjust their business plans to meet local (3) customs. This is what McDonald’s (4) corporation had to do when it expanded to India. While India’s economy (5) shares many characteristics with the United States, many of its business practices are based on a more traditional economic (6) system.
For thousands of years, India’s Hindu culture has revered the cow. Hindu scriptures
(7) state that the cow is a gift of the gods to the (8) human race. The cows are everywhere, ambling down roads, grazing in rubbish dumps and resting in temples - everywhere, that is, except on your plate, for Hindus do not eat the meat of the sacred cow. McDonald’s (9) responded to this cultural food (10) dilemma by creating an Indian version of its Big Mac—the “Maharaja Mac”—which is made from mutton. According to the (11) head of McDonald’s Indian (12) operations, “We had to reinvent ourselves for the Indian palate.”
Translate into English:
Традиційна економіка – це економічна система, у якій рішення стосовно запитань Що, Як і для Кого приймаються на основі звичаїв і традицій.
У традиційній економіці більшість людей невільні приймати рішення, які ґрунтуються на тому, що вони хочуть чи хотіли б мати.
У суспільстві з командною економікою у робітників відсутні стимули працювати наполегливо, тому що вони не заробляють більше, ніж ті, хто докладає менше зусиль.
Командна економіка – це така, у якій уряд приймає всі рішення щодо виробництва та розподілу товарів і послуг.
У суспільстві з командною економікою центральна влада складає план для всієї економіки, який визначає, що буде вироблятися, як воно буде вироблятися та хто його отримає.
Кожна економічна система має обмежені виробничі ресурси у своєму розпорядженні.
Завдання економічної системи – ефективно поєднати свої ресурси, бажання та технології.
Кожне суспільство намагається дати відповідь на три основні економічні питання ефективно.
R E A D I N G
Before reading the text study the following economic terms.
market economy |
an economic system where prices, jobs, wages, etc. are not controlled by the government, but depend on what people want to buy and how much they are willing to pay |
market forces/ pressures |
the way a market economy makes sellers produce what people want, at prices they are willing to pay |
market place |
producers and buyers in a particular market economy, and the way they behave |
market prices |
prices that people are willing to pay, rather than ones fixed by a government |
market reforms |
changes a government makes to an economy, so it becomes more like a market economy |