Match the terms and definitions, learn them.

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1. Match the terms and definitions, learn them.

To shape the environment, consumer, total spending, income, unemployment, to cut expenditure on, luxury items, profit, to incur losses, to earn interest on, loan, profit margin.

A. To deal with or pay money that has been lost by a business or an organisation.

B. The amount or number after everything is counted or added together.

C. The state of not having a job.

D. The money that you make in business or by selling things, especially after paying the costs involved.

E. The difference between the cost of buying or producing something and the price that it is sold for.

F. Things which are expensive and enjoyable but not essential.

G. The money that a person, a region, a country, etc earns from work, from investing, etc.

H. Money that an organization such as a bank lends and somebody borrows.

I. To have an important influence on the development of certain conditions.

J. To get extra money when you invest it.

K. A person who buys goods or uses services.

L. The act of spending or using less money.

2. Suggest the Russian equivalents:

the government and local authorities; firms experience high sales; their sales fall; total spending declines as income falls; luxury items; the high street banks suffered badly; to earn interest on loans; so -called “bad debts”.

What are the differences between the words related to the word “economy”?

Econom

y

ics

ic

al

ly

ist

Each word has a different use. Fill in the gaps in the sentences with the right word.

1. Karl Marx and Adam Smith are two famous ____________.

2. Those people are studying ____________.

3. People should be very ___________ with the money they earn.

4. The ___________ system of a country is usually called the national __________.

5. The people in that town live very ___________.

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