5. Study § 6 in Essential Grammar.

6. Find the sentences containing the Absolute Participial Construction. Translate them into Russian.

1. The forms of ownership are constantly developing.

2. A borderline form is complete outsourcing or contracting out, with a privately owned corporation delivering the entire service on behalf of government.

3. With the development of civilization they changed.

4. Publicly owned corporations differ from direct administration in that they have greater commercial freedoms and are expected to operate according to commercial criteria.

5. The decision about proper matters for the public sector is probably the most important dividing line among socialist, liberal, conservative, and libertarian political philosophy, with socialists preferring greater state inVolvement, libertarians faVoring minimal state inVolvement, and conservatives and liberals faVoring state inVolvement in some aspects of the society but not others.

7. 1) Find in the text “public and private sectors of economy” 1) Participles I and define their functions. 2) State the tense forms of the predicates in the text.

7. Read the text “PUBLIC AND PRIVATE SECTORS OF ECONOMY” and translate it into Russian.

Vocabulary and Comprehension Exercises

9. Give Russian equivalents.

With the development of civilization; private ownership; to optimize the structure of national economy; to act in their own selfish interests; subsidized housing; basic importance; administering urban planning; state-owned enterprises.

10. Give English equivalents.

Формы собственности; государственная собственность; определенные преимущества; средства производства; все виды энергии; на благо общества; национальная безопасность; доставка товаров и услуг.

11. Choose synonyms (antonyms) from the following list.

Harmful, advantage, due to, illegal, important, safety, public ownership, harmless, ownership, significant, private ownership, disadvantage, legal, property, security, state ownership, thanks to.

12. Insert prepositions.

1. Economic and administrative life … the public sector deals … the delivery of goods and services … and … the government.

2. Direct administration funded … taxation.

3. … the development … civilization the forms … ownership changed.

4. State ownership is very effective … it has certain advantages thanks … its functions and the abilities to perform macroregulation.

5. Certain industries and services are basic, … that everything else depends … them.

6. All forms of power must be operated … the good … the community.

7. Certain services must be provided … the state … the safety … public.

8. Some enterprises cannot operate … a profit.

9. But public ownership is less effective … most cases … other forms.

10. Predominance … state ownership results … state monopoly which is very harmful … country’s economy.

13. Fill in the blanks with the Vocabulary on the text.

1. The forms of … are constantly developing with the … of civilization.

2. There are two most important forms of ownership. They are … and … or … ownership.

3. Public sector activity ranges from delivering … … administering … … and organizing … … .

4. State-owned … have greater commercial freedom than direct administration.

5. State ownership may be very effective thanks to its … .

6. One of the advantages of the public … is to … the structure of national economy.

7. Some people … that many forms of private ownership should be … .

8. Certain industries and services are basic, in that everything else … them.

9. Predominance of state ownership results in state monopoly which is very … for country’s economy and population but very … for producer.

Prompts: urban planning, private, abolished, harmful, development, state, advantages, optimize, maintain, depends on, national defences, profitable, public, ownership (2), enterprises, social security.