WORD STUDY. Ex. 1. Find the words in the text to complete the following expressions
Ex. 1. Find the words in the text to complete the following expressions.
the government should keep ___________________________________
the nation’s supply of ________________________________________
“favourable ________________________________________________
true source of _______________________________________________
the slogan “_________________________________________________
since they were ______________________________________________
support industry by ___________________________________________
physiocrats opposed __________________________________________
hoardof _____________________________________________________
Ex. 2. Use the following words to complete the sentences below.
| promoted, regulates, export, provided, to import, argued |
1. He _________________ a car with a radio
2. If I am not _________________ within the next two years I am going to change jobs
3. Government often ____________________ industry.
4. Britain must try _____________ fewer goods from overseas, so as to help her own industries.
5. They sell to their own country but they don't yet _______________to other countries.
6. We _______________with them about politics
Ex. 3. Find in the text the English equivalents to thefollowing words and word-
Combinations.
издавать законы ____________________________________________________
держаться подальше от бизнеса _______________________________________
соревноваться за прибыль ____________________________________________
ограничить экспорт __________________________________________________
поддерживать промышленность _______________________________________
дешевый рабочий труд _______________________________________________
перечислить изделия _________________________________________________
нуждаться в колониях ________________________________________________
затраты на труд и производство ________________________________________
национальный запас золота и серебра __________________________________
правительственное регулирование экономики ___________________________
экспорт превышает импорт ___________________________________________
Ex. 4. Replace the words in italics by synonyms from the text.
1. Mercantilists proved that . . .
2. should support industry by enacting laws . . .
3. keep sales to foreign countries high . . .
4. export prevails import . . .
5. supply of gold or silver . . .
6. European countries needed colonies . . .
7. protected British industry by not allowing . . .
8. to limit imports . . .
9. the government shouldn’t interfere into business . . .
10. let nature be as it is . . .
Ex. 5. Translate into Russian in written form.
Economic Individualism – Laissez-Faire
In the late seventeenth century, Louis XIV was reigning as King of France. His finance minister, Jean Batiste Colbert, asked a manufacturer by the name of Legendre how the government might help business. Legendre’s reply was “laissez nous faire” (leave us alone). The expression has become a slogan and motto of market economy.
Today “laissez faire” means absence of government intervention which leads to economic individualism and economic freedom. Under laissez-faire conditions, people’s economic activities are their own private affairs. As consumers, they are free to spend their incomes as they choose. As producers, they are free to purchase economic resources they desire and to use these resources as they wish.
In reality, economic freedom is subject to restraints imposed by society for the protection and general welfare of its citizens.
COMPREHENSION