Words, words, words…

1. Divide the words below into groups.

Machinery, insurance, food, footwear, tobacco, banking, vehicles, fuel, beverages, stockbroking, electrical equipment, pharmaceutical products, consultancy, medicines, clothing, computer programming

Services	Manufactured goods	Chemicals	Non-manufactured goods

2. Divide the words below into two groups.

Communications equipment, aircraft, iron ore, petroleum, tin, salt, ship, railroad equipment, limestone, oil shale, textiles, lead, machine tools, coal, natural gaz, motor vehicles, oil

Raw materials	Manufactured goods

3. Match the abbreviations and their definitions.

1. GDP	a. European Union
2. OECD	b. European Economic and Monetary Union
3. G7	c. Gross Domestic Product
4. BP	d. pence
5. EU	e. Organization for Economic Cooperation and Development
6. UK	f. British Petroleum
7. EMU	g. Group of Seven
8. p	h. United Kingdom

4. Match economical terms with their definitions.

1. inflation	a. an actual or potential form of wealth supplied by nature (as coal, oil, water power, arable land, etc)
2. unemployment	b. the buying and selling of goods; commerce
3. conurbation	c. goods brought from another countries for purposes of sale
4. import	d. an increase in the amount of money and credit in relation to the supply of goods and services
5. export	e. goods carried or sent to other countries for purposes of sale
6. trade	f. lack of employment; percentage of persons out of work
7. natural resources	g. an extremely large, densely populated urban area, usually a complex of suburbs and smaller towns together with the large city at their center

DID YOU GET IT?

Answer the questions on the text.

1. What is the UK’s rate in the world economy?

2. What international economic organizations does the UK enter?

3. What economic indicators show the strength of British economy?

4. What are the UK’s chief exports?

5. What countries are the main trading partners of the UK?

6. Does the UK have all the raw materials needed for its industry?

7. Where are the main industrial and commercial areas located?

Text 2 time for reading

Read the text and be ready to answer the question: What measures does the British government take to get out of economic recession?

Farming (Agriculture)

Agriculture is intensive, highly mechanized, and extremely efficient, producing about 60% of food needs with less than 2% of the labor force. Around two thirds of production is devoted to livestock, one third to crops.

About 25% of Britain's land is arable, and almost half is suitable for meadows and pastures. Barley, wheat, potatoes, sugar beets, fruits, and vegetables are the main crops. The widespread dairy industry produces milk, eggs, and cheese. Beef cattle and large numbers of sheep, as well as poultry and pigs, are raised throughout much of the country. There is also a sizable fishing industry, with cod, haddock, mackerel, whiting, trout, salmon, and shellfish making up the bulk of the catch.