1. I’m student…

Our university is a prominent economic establishment of higher learning. It provides a high quantity training of economic and managers for various fields of national economy.

It has academic building with all education facilities, hostels, and a sport centre. The students have free access to the library, reading-rooms, laboratories. The students may enroll un day-time or correspondence department. The graduates of the university work at various branches of industry and agriculture, state and private organizations with different form of ownership, finance and banking system.

The main purpose of the university is to equip students with excellent professional skills.

4. Economy of u.

Present-day independent U.has a considerable potential to quickly develop its economy – and this is explained not only by the favorable natural conditions. Reforms are aimed at the establishment of an open, effective market type economy.

Industry is the most important area of U. economy. In the current structure of U.industry a great proportion is occupied by heavy industry, machine-building and coal industries. The Donbas region is the centre of U.heavy industry. The machine-building is presently the largest branch of industry. However, today’s industries are unable to satisfy the consumers wants.

U.has very favorable conditions for the development of agricultural production. There are 2 main branches of agricultural production in U.: crop production and animal husbandry.

5. Economy of g.B.

G.B. is a highly-developed naval and industrial power. The main sectors of British economy are manufacturing, services and agriculture. Coal-mining, metallurgy, textile, shipbuilding are the older branches of industry.

Services play an important role in British economy and make up an increasing proportion of the national income.

6. Economy of the usa

The USA is one of the largest countries in the world. It has a developed free enterprise economy. It means that people are able to own capital and property and to run their own businesses for making profit.

The country has very powerful industries, advanced technologies and science.

One of the most important sectors of the US is agriculture. American agriculture produces more food products than any other capitalist country. The principle crops grown in the country are: corn, soy-beans, sugar-cane and sugar-beets, sunflower, tobacco, cotton etc.

Animal husbandry is also developed in the country.

7. What is economic?

E. is a social science like history, geography, politics, sociology. Economics was defined as the study of mankind in the everyday business life. This means that economics deals with production, distribution, exchange and consumption.

E.has its own vocabulary. There are some key terms: needs, wants and demand. A need is a basic requirement for survival. People have basic needs and also higher level needs. A want is a means of expressing a need. A demand is the willingness and ability to purchase a desired object.

The study of economics is concerned with economic products – goods and services. The terms goods and services are used to describe many things people desire.