I. Suggest the Russian equivalents. to divert resources to wherever it wants; new ideas rarely come forward; tend to be slow when responding to changes

to divert resources to wherever it wants; new ideas rarely come forward; tend to be slow when responding to changes

II. Replace the parts in italics by synonyms

obsolete products; it can ensure that…; it can be very inefficient

There is no incentive for individuals to work hard in planned economies.

led to many nations abandoning planned economies over recent years.

III. Fill in the gaps with the words and expressions from the text

1. The type of system chosen is __ in __, in which businesses operate.

2. An economic system is the way in which a country uses its __to satisfy the demands of __ for goods and services.

3. The more goods and services that can be produced, the higher the standard of living __ by the country is citizens.

4. The state __ factories, land and __.

5. Planned economies are economies with __ of __, when the government __ all __, decides __ and __.

6. The actual system employed __ from state to state, but command or planned economies have __.

7. It is __ that there should be enough goods and services for all.

8. Industries are asked __ these plans and each industry and factory is set __.

9. The factory and farm targets are __ which, if met, allow the nation's __ to be reached.

10. Nations do not waste resources __.

11. The state can use its control of the economy __ to wherever it wants.

12. It is __ that have led to many nations __ planned economies over recent years.

13. There is no __ for individuals to work hard in planned economies.

14. Industries in planned economies can be very __.

15. Command economies tend to __ when __ to changes in people's tastes and fashions.

16. Planners are likely __ some items as they cannot __ changes in demand.

17. Some __and unattractive products may be _ _.

18. This leads to __ for some products.

IV. Find in the text English equivalents for the following

имеющиеся в распоряжении ресурсы; управлять использованием ре­сурсов; управление экономикой; отказываться от плановой экономики; иметь высокий жизненный уровень; иметь общие черты;, подчиняться 5-летнему плану; значительное количество; ставить производственные задачи; полученная прибыль; стимул к эффективной работе; перебои и очереди; реагировать на изменения спроса; предсказывать изменения спроса; основная проблема, стоящая перед...

V. Answer the questions

1. What's an economic system?

2. What does a standard of living depend on?

3. What's a planned economy? What are its main features?

4. Give the advantages of a planned economy.

5. Give the disadvantages of a planned economy.

6. What causes delays and queues for some products?

7. What cap you add to the list of advantages and disadvantages of a planned economy?

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