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INGREDIENTS OF THE AMERICAN ECONOMY


The marriage between the United States economy and the free enterprise system has been hugely successful one, but not one without problems. From the time of early American states­man Alexander Hamilton, there has been conflict over what should be the proper role of government in the economy; at various times government has intervened to stimulate the growth of certain industries, to regulate business when abuses (=wrong use) began to appear, to provide protection in the form of tariffs for industries hurt by imports, and sometimes to redistribute wealth.
The United States has what is usually described as a capitalist economy. But capitalism is a term coined (invented) by Kari Marx that referred to the concentration of control of the most important parts of the economy by a small group of capitalists. By contrast, most Americans think of capitalism as meaning free enterprise, a system that benefits ( =helps) mil­lions, not just a few. Free enterprise as an idea can be simply described, but it is how this idea is applied (=put into opera­tion) to real life that is important. Let's see how free enterprise works in the United States.
Every economic system tries to anticipate and then meet human needs through the production and distribution of goods and services. The economic system is the mechanism that brings together natural resources, the labor supply, technology, and the necessary entrepreneurial and material talents. Al­though the type of economic system used by a nation is the result of political decision, it is also in even larger part the result of a historical experience that, over time, becomes a na­tional culture.
The first ingredient (=part) of an economic system is the natural resources from which goods are produced. The United States is a land rich in mineral resources and fertile farm soil, together with a moderate climate.
Second, the amount of available labor helps determine the health of an economy. Generally the USA has been fortunate ( lucky) in having enough people to provide the labor neces­sary for a constantly expanding economy. Large numbers of immigrants from all over the world came to the USA.
Another factor in any economic system is the quality of available labor — how hard people are willing to work and how skilled they are. The strong emphasis placed on education, in­cluding technical and vocational education, also contributed to America's economic success.
But the natural resources and labor force is only part of the structure of an economic system. The resources must be directed as efficiently as possible into the areas where they will be most productive. In .the American economy, managers of enterprises, responding to signals from markets perform this function.
In America, entrepreneurs accumulate money and then in-­vest in projects — buy supplies, hire workers and sell products — that, seem likely to give a high return on the original invest­ment. This is determined on the costumer demand.
Voluntary association of owners, known as stockholder, forms a business enterprise.
Modern America has developed a chain of managerial com­mand, whose job is to see that the business runs smoothly and efficiently. Good management often can make the difference bet­ween a successful or unsuccessful operation.
(From "An Outline of the American Economy", pp.12—14)

1.Tеkstni uking va tarjima kiling.


2.Tеkstga savollar tuzing.
3.Shu savollarga javoblar bеring.
4.Shu tеkst asosida dialog tuzing.
5.Shu tеkstga moslab xikoya tuzing.
6.Ixtiyoriy 20 gapdan iborat bulgan uzbеkcha matnni ingliz tiliga
tarjima kiling.
7.Tеkstdagi xar bir gapning fе'l zamonlarini aniklang.
8.Tеkstdan modal fе'llar, kuchirma va uzlashtirma gaplar, payt va
shart ergash gaplarini aniklang va ular xakida kiskacha yozing.
9.Sеvimli taomlaringiz, bayramlar, kitoblar, filmlar xakida
bittasini tanlab yozing.
10.Uzbеkistonning bayrogi, gеrbi, Konstitutsiyasi, kadimiy
shaxarlari, sanoat kishlok xujaligi xakida xoxlagan bita tеmani
kiskacha yozing.

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