I. Pre-reading task
Unit 2.2. National Wealth. Labour and Employment
VI. Match the words with their definitions
V. Suggest the Russian equivalents for the words and word-combinations given below
IV. Answer the following questions
III. Learn the following words
circulating capital - оборотный капитал (часть капитала компании, которая задействована в ее торговой деятельности)
depreciate - 1) изнашиваться; 2) обесцениваться
destroy - разрушать
devote - посвящать
expenditures - траты
fixed capital – основные средства (капитал, вложенный в основные фонды предприятия, т.е. землю, здания, оборудование)
lubricating oils – смазочные масла
machinery -оборудование
maintain – сохранять, поддерживать
nut - гайка
raw materials – сырье
screw - винт
tools - инструменты
vehicle – транспортное средство
1. What is capital?
2. How is capital formed?
3. How can you classify capital?
4. Give the description of fixed and circulating capital.
Factor of production, article of consumption, therefore, thus, in the long run, wear out, for this purpose, for the sake of convenience, from the point of view, a large number of, current income, from time to time,
frequently.
| 1) сapital | а) to make or to produce large quantities of goods to be sold, using machinery |
| 2) circulating | b) a thing, such a car, bus, etc, that is used for carrying people or things from one place to another |
| 3) to manufacture | c) someone whose work needs strength rather than skill, especially someone who works outdoor |
| 4) vehicle | d) the money, stock of goods etc, that are used to run a business, pay employees and produce and sell more goods |
| 5) fuel | e) stock of equipment, inventory, and other resources of production useful for more than one year |
| 6) labourer | f) a substance such as coal, gas or oil, that can be burned to produce heat or energy |
VII. Fill in the gaps with the words and expressions from the previous exercise
1. This farm ... has been working in this farm for ten years.
2. Coal is one of the cheapest... .
3. "Is this your ..., sir?" asked the policeman.
4. We have to reduce our ... in order to pay off some the debts.
5. The factors of production include natural resources, human
resources and ....
6. They ... industrial products in this area.
Suggest a purpose for reading the text. What do we mean by national wealth?