Вопрос № 864103 - Английский язык

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Prosperity Decade
1. The 1920s were a period of great change in American life that lasted nearly ten years. The First World War had just ended, and a time of gay abandon, economic prosperity, and social change had set in. An unpopular prohibition law made it seem that breaking the law could be acceptable and even commonplace. The tone of the times was one of excitement, of excesses, of new freedom.
2. During the 1920s many people made money by buying shares, or stocks, in different companies. The price of a company's stock depends on business condition. If many buyers want to buy stock in a company, the price of the stock will rise. If many stock owners want to sell their stock, the price will go down. In the 1920s stock prices seemed to go in only one direction: up. There were stories of shoeshine boys and office workers who made fortunes in the stock market in one day.
3. People were making more money than ever before. Companies used advertising to encourage people to buy their products. Advertising became important to business during the 1920s. Another way of encouraging people to buy more goods was called instalment buying. When people bought a thing on the instalment plan, they had to pay only a small part of the total price for the thing. Each month they paid another small some, called an instalment. People paid instalments until they had paid the whole price of the thing they had bought.
4. People were earning a lot of money, and the system of instalment buying seemed a good idea. But some experts warned that too many Americans owed too much money. If people suddenly lost their jobs, they would not be able to pay their debts. Then business would suffer. But few people listened to these warnings. Business was expanding. People kept buying on the instalment plan. The golden years were up to 1929 - and then came Black Tuesday, the day of October 1929 of the inevitable stock market crash, that spanned ten years.
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If many people want to buy stocks in a company the stock price …

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When a company needs to recruit new people, it can give an announcement in the «NEED HELP» section of a newspaper.
People who are looking for a job can send a letter of application or covering letter (US – cover letter) and a curriculum vitae or CV (in US – resume) containing details of their education and experience. A company may ask candidates to fill up a standard application form. The company’s Human Resources department selects the most suitable applications and prepares a short list of candidates or applicants, who are invited to attend an Interview.
Companies can hire people using the services of a recruitment agency (in US – search firm), which provides a list of suitable candidates.

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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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Demand
1. One of the most important building blocks of economic analysis is the concept of demand. When economists refer to demand, they usually have in mind not just a single quantity demanded, but what is called a demand curve. A demand curve traces the quantity of a good or service that is demanded at successively different prices.
2. The most famous law in economics, and the one that economists are most sure of, is the law of demand. On this law is built almost the whole edifice of economics. The law of demand states that when the price of a good rises, the amount demanded falls, and when the price falls, the amount demanded rises.
3. It is not just price that affects the quantity demanded. Income affects it too. As real income rises, people buy more of some goods (which economists call normal goods) and less of what are called inferior goods. Urban mass transit and railroad transportation are classic examples of inferior goods. That is why the usage of both of these modes of travel declined so dramatically as postwar incomes were rising and more people could afford automobiles.
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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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The public sale of shares as well as the performance of government work under contract with the use of private businesses are …