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Exercise 4. Match opposites:

A

B

sell

accept

employer

consumer

income

shortage

grow

future

create

light

consume

buy

decrease

destroy

employee

expenses

heavy

past

produce

refuse

supplier

surplus

Exercise 5. Translate the attributive chains:

Business dealing; employer-employee business transaction; hair dryer; market price; state level; supply and demand figure; consumer demand; labor force; all land and raw materials; scientific research and inventions; capital goods; business manager; future production.

Exercise 6. Translate the word combinations:

according to financial statements

to offer a collection at a low price

to belong to productive resources

to require regular payment on a weekly basis

to provide raw materials for a company

unemployment among young people

wages and salaries under contract

to contribute to advanced technologies

the subject of their scientific research

to consider various business activities

to expect the economic growth

in order to create new jobs

neither shortage nor surplus

labour force

labour productivity

to provide people with better goods

to be responsible for the production

major contractual obligations

cultural values

to influence the entire business

to meet needs and demands

employers and employees

to compare standards of living

to involve risk

in order to determine prices

a variety of natural resources

skilled labour

earned income

surplus value

to increase expenses

to exchange things of value

to sell services to customers

cultural values

to submit a statement

Exercise 7. Define whether the words in bold type are the nouns, verbs, adjectives, adverbs or participles:

1. Every business needs skilled employees.

Every business meets needs of customers.

Meeting needs has two sides.

2. Any business requires investment of money, work, time, skill, and experience.

I don’t think you work too much.

3. An automobile belongs to goods. I’ve bought a good automobile.

Do you want to have a look at it? When people buy goods they satisfy their wants.

4. She left her expensive purse at home.

He injured his left arm.

Income is money left after expenses.

5. Businesses provide goods and services demanded by consumers.

Sometimes demand exceeds supply.

6. Capital includes capital goods, tools, supplies and money.

7. «Financial Times» is a weekly newspaper. I receive it weekly.

8. Some consumers own natural resources.

A few years ago they started their own business.

9. Do you plan your day?

What’s your plan for today?

GRAMMAR REVIEW

COMPARE TENSES

I. Past Simple (I did) and Past Progressive (I was doing)

Past Progressive

When John arrived we were having dinner.

We were having dinner at 6 o'clock.

Past Simple

We had dinner and went for a walk.

Yesterday we had a wonderful dinner.

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