Softskill - english

UNIT 3

DIFFERENT ECONOMIC SYSTEMS

TEXT A

Not all economic systems are the same

The economic system of the United Stated is very different from the economic system of the Union of Soviet Socialist Republics.

The American system is based on private enterprise. 

The Russian system is based on the principles of Karl Marx.

Karl Marx was a political economist who lived in the 19th century.

The American system is capitalistic, while the Russian system is communistic.

The Economic ideologies of these two nations differ very much from each other.

The economic system of Britain is similar to the American system. 

Britain has an economic system based on private enterprise and private supplies of capital.

Property in Britain and the United Stated can be owned by individual citizens.

The economic freedom of the citizens of Britain and America is not complete freedom.

Citizens must obey the law, but otherwise they can use their  time, money and effort as they wish.

Exercises

 1. Answer these question, basing your answer on the text. 

a. what does the economic system of the United States differ from?

The economic system of the United Stated is very different from the economic system of the Union of Soviet Socialist Republics. (based on line 2-3)

b. what is the American system based on?

The American system is based on private enterprise. (based on line 4)

c. what is the Russian system based on?

The Russian system is based on the principles of Karl Marx. (based on line 5)

d. when did Karl Marx live?

Karl Marx was a political economist who lived in the 19th century. (based on line 6)

e. what economic system is the British system similar to?

The economic system of Britain is similar to the American system. (based on line 9)

 

f. On what two things is the British system based?

Britain has an economic system based on private enterprise and private supplies of capital. (based on line 10)

g. Who can own property in the United Stated and Britain?

Property in Britain and the United Stated can be owned by individual citizens. (based on line 11)

h. What must British and American citizens obey?

Citizens must obey the law. (based on line 13)

i. What three things can British and American use as they wish?

They can use their  time, money and effort as they wish. (based on line 13)