1.1. Match the halves from the list a (1-8) with their possible endings (the list b, a-h) to make word combinations.

A	B
scarce	economic systems
governmental	economic decisions
tribal	markets
factors of	enterprises
types of	influence
state-owned	production
to make	resources
free	rules

1.2. Use the English word combinations from 1.1 in the following sentences. Change the verb / noun form where necessary.

1. An economic system is the system that a society uses for allocation and distribution of ______.

2. Most economic systems use one or more of three basic methods _______: tradition, command, and markets.

3. There are many _______, ranging from the mixed private enterprise system to partially or completely controlled econo­mies.

4. There is no economy today that is completely free of ______.

5. In the traditional economy the organization of production and distribution is frequently governed by ______ or customs.

6. A market economy (also called a free market economy or a free enterprise economy) is an economic system in which the production and distribution of goods and services take place through the mechanism of ______ guided by a free price system. 

7. A planned economy (also known as command economy and centrally planned economy) is an economic system in which the state or government controls the _____ and makes all decisions about their use and about the distribution of income. 

8. A mixed economy is usually defined as an economy that contains both private-owned and ______ or that combines elements of capitalism and socialism, or a mix of market economy and command economy.

2. Guess the term by its definition.

Income; economic growth; full employment; per capita; price stability; standard of living

1. a situation in which prices in an economy don't change much over time; it would mean that an economy would not experience inflation or deflation;

2. the expansion of the output of an economy, usually expressed in terms of the increase of national income;

3. the condition in which virtually all who are able and willing to work are employed;

4. money received, especially on a regular basis, for work or through investments;

5. the degree of wealth and material comfort available to a person or community;

6. for each person; in relation to people taken individually

3. Fill in the table providing noun-agent and noun-concept forms. Memorize the new words.

Verb	Noun
	concept	agent
to consume	consumption	a consumer
to manage
to provide
to distribute
to regulate
to invest
to market
to produce