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THE ECONOMY OF THE USA

The American economy is described as a free enterprise system, which allows private business the freedom to operate for profit with minimum government regulation. The theoretical foundation of the American economic system was provided by Adam Smith whose economic ideas of so-called "laissez-faireї" or free competition influenced the development of capitalism. From his standpoint, the more people manufacture and trade the greater the competition.
The USA remains the world’s leading producer of goods and services, although its margin of superiority is diminishing as other countries become more competitive in the world’s market.
Industrial and technological position of the states is very high. The USA is the leading producer of electrical energy, aluminum, copper, sylph and paper, and one of the top producers of natural gas and automobiles. No other nation exports as much high technology as the USA.
Technological advancement has accelerated changes in American agriculture. Farming is highly mechanized and commercialized, but at the same time, it requires much investment. In productive terms, the achievements of this sector of the economy are extraordinary. U. S. farmers produce enough food for domestic consumption and still supply 15% of the world’s food need.
Besides agricultural products are the most part of the U. S. export occupy machinery, automotive products, aircraft and chemicals. The leading U. S. imports are petroleum products, food and beverages machinery, iron and steel products. The USA is the world’s largest importer and exporter.
The country’s reliance on private initiative and enterprise has produced impressive growth. The USA today is a leading economic power with a high standard of living and enormous productivity in industry and agriculture.
It is the most affluent nation in the world. 60% of all families and individuals are in the middle-income or high-income rank.

2. Задайте 5 вопросов разных типов (The General Question, The Question to the Subject, The Disjunctive Question, The Alternative Question, The Special Question) к выделенному предложению.

3.Подчеркните глагол в правильной видовременной форме.
Переведите предложения.
1. Economics (attempt, attempts) to find laws and principles.
2. The business (has been sold off, was sold off) by early this month.
3. Before they made the decision they (will discuss, had discussed) all the details.
4. The quality of their goods (is, are) rather low.
5. Output of cars (continues, have continued) to climb.

4.Закончите следующие предложения.

1. In order to economize finance …
2. The company expected to take advantage …
3. To dominate the market they reduced …

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Work in pairs.take it in turns to make up guestions and interview each other.take notes of your partners answers and find out at least

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