Ex.4. Match the words on the left with the definitions on the right

Ex.3. Give three forms of the following verbs. Find the sentences with these verbs in the text.

Ex.2. Give Ukrainian equivalents of the following words and phrases.

Ex.1. Find the English equivalents in the text.

VOCABULARY FOCUS

Економічнадіяльність;дефіцит;обмеженіресурси;управліннягосподарством;вивчатискладнітаблицітаграфіки;недостатньотоварів;виробляти більше; сучасне визначення економіки; бажання споживати певні товари та послуги; ризики та винагороди бізнесу; задовольняти необмежені людські потреби та бажання; розподіл дефіцитних ресурсів; широкий асортимент товарів та послуг; попит на різну продукцію; основні питання, що впливають на нас.

To allocate scarce resources between competing uses; government expenditures; demand from consumers; rational human behaviour in the endeavour to fulfil needs and wants; the first comprehensive defence of the free market; an economic incentive to produce less or different types of goods; production, distribution, and consumption of goods and services; to produce the right amount and variety of goods and services; inflation; unemployment; gross domestic product; taxation; the best alternative foregone; minimizing costs; available resources; unlimited human needs and wants; force people to make choices; to satisfy wants, needs, and desires; to consume certain goods and services.

Find, come, begin, be, do, take, make, arise, keep, leave, give, choose, have, teach, say, go, grow.

	scarcity	a	the study of the way in which money and goods are produced and used
	consumer	b	a continuing increase in prices, or the rate at which prices increase
	economics	c	a subject or problem that is often discussed or argued about, especially a social or political matter that affects the interests of a lot of people
	demand	d	a situation in which there is not enough of something
	distribution	e	the number of people in a particular country or area who cannot get a job
	inflation	F	a balance between two opposing things that you are willing to accept in order to achieve something
	unemployment	g	someone who buys and uses products and services
	issue	h	all the people who live together in one house
	costs	I	an advantage, improvement, or help that you get from something
	GDP	J	the need or desire that people have for particular goods and services
	trade-off	k	the money that you must regularly spend in order to run a business, a home, a car, etc
	surplus	L	the act of sharing things among a large group of people in a planned way
	benefit	m	the total value of all goods and services produced in a country in one year, except for income received from abroad
	income	n	an amount of something that is more than what is needed or used
	household	o	the money that you earn from your work or that you receive from investments, the government, etc

Ex.5. Make up verb + noun collocations (there may be several variants).

to satisfy	scarce resources
to make	economics
to allocate	answers
to provide	wants and needs
to produce	tools
to determine	products
to find	decisions
to study	demand for goods
to design	goods and services
to purchase	rational judgements

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