Vocabulary. output –продукция, продукт

output – продукция, продукт

planner - плановик

in accordance with – в соответствии с,

согласно чему-л.

objective – цель, задача

owner – владелец, собственник, хозяин

advantage – преимущество

standard of living – уровеньжизни

to duplicate production – дублировать

производство

to divert – отвлекать (напр., ресурсы на

другие цели)

profit - прибыль

16. Give Russian equivalents:

directed economy to waste

manage to ensure

direct incentive

lower-level inefficient

17. Choose words from the list to fill in the gaps, then use them to make sentences:

private, social, inefficient, economic, proper, central, lower-level

1. _____ enterprise	5. _____ industries
2. _____health	6. _____ objectives
3. _____ system	7. _____ government
4. _____ owners

18. Answer the questions:

1) What is a planned economy?

2) What is the role of the government in planned economy?

3) How do planned economies differ from unplanned economies?

4) What are the advantages of planned economies?

5) What are the disadvantages?

19. Use words/phrases from the list to help you retell the text:

planned economy, manage, make decisions, use of resources, distribution of output, planners, in accordance with, private owners, advantages, standard of living, duplicating production, divert resources, disadvantages, incentive, start business, inefficient.

Unit 5

Company history

1(8). Listening. Listen and practice.

Companies often include details about their history in their marketing literature, their annual reports and company presentations, in order to show that they are established, and have experience in their field. This can include information about the founder or person who started the company, and key dates and events in the company history.

2 (9). Listening. Marks and Spencer is a major retailer selling food, clothes, household furnishings. Listen and answer the questions about key events in the company history.

1. When did Michael Marks and Tom Spencer form a partnership?

2. When did they register the Saint Michael trademark?

3. When and where did they open their first store?

4. What did they introduce in 1931?

5. Where did Marks and Spencer open stores in 1975?

6. When did they open stores in Hong Kong?

7. What happened in 1997 in the history of the company?

3. Reading. What do you know about Ford company and its history? Read the magazine article.