Exercise 5. Complete the sentences.

1. An economic system is the way in which a country uses its available resources to ... ... ... .

2. Planned economies are sometimes called ... ... ... .

3. What the nation will produce usually planned ... ... ... .

4. Command economies have a number of ... and ... .

5. In a true market economy the government plays ... ... ... .

6. In a free enterprise economy the decisions of many individual buyers and sellers interact and ... ... ... .

7. In mixed economies government sector and private enterprise exist ... ...

8. The aim of mixed economies is ... ... ... and ... ... ... .

 

Exercise 6. Read the sentences: