The economic system
There are many forms of economic order, ranging from the mixed system to partially or completely controlled economies. Economic system is the system that a society uses for allocation and distribution of scarce resources. Private enterprise means that decisions about what and how much to produce are the decisions of owners and managers. In controlled economies such decisions are the responsibility of some governmental agency. There is no economy today that is completely free of governmental influence.
There are many beneficial services and protections available from government. Any form of economic order performs certain valuable functions in the life of organizations of all types.
Among the functions of the economic order the most important one is to provide some means of resource allocation. In a private enterprise the price mechanism performs this function. This means that demand for and supply of goods and services interact and set their market price. In the case of regulated utilities, there are governmental agencies such as public service commissions that determine the rates.
demand (for) спрос
means средство, средства
to mean значить, означать
regardless of независимо от…
1) Найдите в правой колонке русские соответствия следующих слов:
to produce ценный
to perform услуга
2) Задайте 5 вопросов разных типов к тексту.