Вопрос № 864100 - Английский язык

State of being unable to pay debts is …

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The state
1. The state has an important part to play in making and enforcing law. But what is a state? It is a political unit with a territory that the international community treats as independent, for example the United Kingdom, Barbados or Japan. Law settles how the state is to be governed (its constitution), what duties it owes its citizens, and what duties they owe to one another and to it. The law of the state consists of a system of government, together with a framework for making the life of citizens more secure and for enabling them to flourish.
2. Since each state has its own system of law, there are many legal systems: the law of the United Kingdom, Barbados, Japan, etc. The laws of states differ a bit but also have much in common. Legal systems are called systems because in each state or part of a state with its own laws there are official bodies concerned with the whole of its law. These bodies – the branches of the state – are the legislature, which makes laws, the executive government, which puts laws into effect, and the judges, who decide disputes about the law. These branches of government try to see that the laws do not conflict with one another. In other words, they treat the laws as pans of a system that hangs together.
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A design, symbol or other device that distinguishes one line of goods from that of a competitor is a …

A list of people employed by a company and the amount of money to be paid to each of them is a (an) …

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World Bank
1. World Bank or International Bank for Reconstruction and Development is a multinational institution set up in 1947 to provide economic aid to member countries - mainly developing countries – to strengthen their economics. The Bank has supported a wide range of long-term investments including infrastructure projects such as roads, telecommunications and electricity supply; agriculture and industrial projects including the establishment of new industries, as well as social, training and educational programmes.
2. The Bank's funds come largely from the developed countries, but it also raises money on international capital markets. The Bank operates according to 'business principles' lending at commercial rates of interest only to those governments it feels are capable of servicing and repaying their debts.
3. In 1960, however, it established an affiliate agency, the International Development Association, to provide low-interest loans to its poorer members. Another affiliate of the World Bank is the International Finance Corporation which can invest directly in companies by acquiring shares.
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Privatization
1. Privatization is the process by which the production of goods or services is removed from the government sector of the economy. This has been done in a variety of ways, ranging from the public sale of shares in a previously state-owned enterprise to the use of private businesses to perform government work under contract.
2. The leader in this innovative strategy was the Thatcher government of Great Britain from 1979 to 1990. Previous governments had tried limited denationalization, which is the restoration of nationalized enterprises to their previous owners, but with limited success. Privatization involved totally new owners. In some cases the state enterprises that were «privatized» had never been in the private sector.
3. Governments all over the world were confronted in the seventies by the problems inherent in state ownership. Because state-owned companies have no profit motive, they lack the incentive that private companies have to produce goods that consumers want and to do so at low cost. An additional problem is that even if they want to satisfy consumer demands, they have no way of knowing what consumers want, because consumers indicate their preferences most clearly by their purchases.
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