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2. The major goal of economics is to define the most effective
way of managing the economic life of the country.
3. The term of «an economy»
means a system of management,
use and control of goods, money and other resources of the coun-
try.
4.
The economy comprises people, companies, the government
of
the country, local authorities, decisions about prices, import,
export and other matters.
5. There are three types of an economy:
a command economy,
a market economy, and a mixed economy.
6. The command economy is called when the government of
the country makes decisions about production
and distribution of
goods and services.
7. The market economy is a case when the questions connected
with production and distribution of goods are solved by private
firms.
8. The mixed economy uses the
elements of market and com-
mand.
9. Macroeconomics is the interaction in the economy as a
whole.
10. Microeconomics deals with people,
economic decisions made
by people, as well as, how companies run their business within their
countries.
11. There is a close interconnection between macroeconomics
and microeconomics.
Unit 3
Упражнение 8
1 – i; 2 – d; 3 – h; 4 – f; 5 – a; 6 – k; 7 – j; 8 – g; 9 – e; 10 – b;
11 – l; 12 – c.
Упражнение 11
1 – b; 2 – a; 3 – c; 4 – b; 5 – c.
