VOCABULARY
Collapse
крушение
, падение;
падать
, рушиться
енмя, йыхылма, сцгут
Face
лицо
; стать лицом к
лицу
;
номинальная
(
стоимость)
цз, цз-цзя дурмаг,
цзляшмяк
Advance
наступление
,
выдвижение
вперед
; выдвигаться
вперед
авансировать
;
ирялилямя, сычрайыш,
габаьа эетмя
Advanced
передовой
,
«продвинутый»
габагжыл
Decade
декада
, десятиелетие
онэцнлцк, декада
Wealth
богатство
вар – дювлят, сярвят
Exist
существовать
мювжуд олмаг
Protect
защищать
мцдафия етмяк
Ownership
собственность
,
владение
сащибкарлыг
Support
поддержка
;
поддерживать
арха, дайаг олмаг
Infrastructure
инфраструктура
инфраструктур
Accountant
бухгалтер
мцщасиб
Former
предыдущий
яввялки, кечмиш,
сабиг
Formerly
ранее
еркян, яввял
Force
сила
; принуждать силой
эцж, эцжя ещтийажы
олмаг
Trail
путь
, тропа
йол
Coupon
купон
, ваучер
купон, ваучер
Means
средства
васитя
Spread
распределять
,
распространять
йаймаг
Effective
эффективный
тясирли, еффектли,
сямяряли
Expropriate
экспроприировать
мцлкиййятдян
мящрум етмяк
Technique
техника
, технология
техника, технолоэийа
55
Split
разбивать
на части,
фрагменты
щиссяляря
бюлмяк
Monopoly
монополия
монополийа, бир
няфярдя жямляшмяк
Regulatory
регулирующие
идаряедижи
Behavior
поведение
давраныш
Restore
восстанавливать
йенидян гурмаг,
тикмяк, бярпа етмяк
Revive
возрождать
гаршы олмаг, зидд
олмаг, якс чыхмаг
Divert
отклонять
(ся),
отвлекать
(ся)
жялб етмяк,
фикрини даьытмаг
Concern
конcерн
Expansion
распространение
инкишаф, артырма,
эенишляндирмя
Contract law
контрактное
право
мцгавиля щцгугу
Financial support
служба
финансового
малиййя йардымы
Make sales
производить
продажу
сатышы тяшкил етмяк
Blaze a new trail
прокладывать
новую
тропу
йол ачмаг
Half that time
половина
того времени
щямин вахтын йарысы
Write off past debts списывать старые долги
кющня
боржлары силмяк
Loss-making
убыточный
иткили
Wealth-creating
прибыльный
,
создающий
богатство
эялирля, сярвят эятирян
Exercise 1. Answer the Questions:
1.
What countries began to privatize after the collapse of
communism in eastern and central Europe?
2.
Why didn’t these countries have enough wealth
available for investment?
3.
How do advanced economies protect private
ownership?
4.
How did governments spread ownership in the former
socialist countries?
56
5.
How did the management behave in “informal”
privatization?
6.
What did the new capitalist countries learn from the
experience of their early leaders?
7.
How can governments calm public fears about the
behavior of the newly
privatized operations?
Exercise 2. Бурахылмыш сюзляри мятндян тапыб йериня гойун:
Заполните
пробелы словами из текста:
1.
The problems in these economies were very different
from those faced by the __________ economies.
2.
Decades of low wages meant that little _________
was available for investment.
3.
There were no laws to ______ or even permit private
ownership.
4.
There was no supporting _____ of contract law either.
5.
The formerly socialist economies blazed a new
________ of privatization.
6.
Sometimes they used the ____________ of “coupons”
to the population as a means of spreading ownership.
7.
In “informal” privatization management effectively
____________ what had been state property.
8.
New capitalist countries learned from the ____ oftheir
early leaders.
9. We used the techniques of writing ________past debts.
10.
By restoring market incentives privatization _______
state-ownedindustries.
57
Exercise 3. Give the Russian and Azerbaijan equivalentsof
the phrases
1.
The collapse of communism
2.
to begin to privatize
3.
to make sales
4.
to permit private ownership
5.
financial support
6.
a new trail of privatization
7.
to distribute coupons to the population
8.
to spread ownership
9.
to face with sth.
10.
to learn from one’s experience
11.
to write off past debts
12.
to calm public fears
13.
to restore market incentives
Exercise 4. Match the definitions of the words
1. collapse
a. a small piece of printed paper
that you can exchange for smth
2. infrastructure b. to take smb’s property and
use it without permission
3. coupon
c. a sudden failure of smth
4. monopoly d. a person whose job is to keep
or check financial accounts
5.expropriate e. the basic systems and services
that are necessary for a country
6.
accountant f. the complete control or use of smth.
58
Exercise 5. Жцмляляри Инэилис дилиня тяржцмя един
Переведите
предложения на Английский язык
1. Вслед за крахом коммунизма в Восточой и Цен-
тральной
Европе Польша, Румыния, Венгрия, Чехосла-
вакия
и Россия начали работу по приватизации.
2. Десятилетия, на протяжении которых люди полу-
чали
низкую заработную плату, привели к тому, что у них
оказалось
очень мало средств для инвестирования.
3. Очень часто не было законов, чтобы защитить или
даже
разрешитьчастную собственность.
4. Не было вспомогательной инфраструктуры Конт-
рактного
права и финансовых служб, таких как банки и
система
бухгалтерского учета.
5.
Иногда они использовали распределение ваучеров
среди
населения как средство распределениясобственности.
6. Тем не менее новые капиталистические страны
использовали
опыт своих ранних предшественников.
7. Они включали в себя списывание старых долгов,
распределение
акций среди работников, разделение моно-
полий
на конкурирующие элементы.
8.
Восстановив рыночные мотивации и коммерческие
реалии
, приватизация возродила государственные отрасли.
***
1.
Коммунизм ифласа уьрадыгдан сонра Шярэи вя
Мяркязи Авропада Полша, Румынийа, Мажарыстан, Чехос-
ловакийа вя Русийада юзяллишдирмя цзря ишляр башланды.
2.
Онилликляр ярзиндя инсанларын алдыглары ашаьы ямяк
щаггы она эятириб чыхарды ки, онларын капитал гойулушу цчцн
вясаитляри аз иди.
3.
Хцсуси мцлкиййяти мцдафия етмяк йахуд щялл
етмякдян ютрц ганунлар йох иди.
4.
Банк вя мцщасибат учоту кими малиййя хидмятляри
вя контракт щугугунун йардымчы инфраструктуру йох иди.
59
5.
Щярдян онлар мцлкиййятин бюлцшдцрцлмяси вясаити кими
ящали арасында ваучерлярин пайланмасындан истифадя едирдиляр.
6.
Буна бахмайараг йени капиталист юлкяляри юз яввял-
ки сяляфляринин тяжрцбясиндян истифадя едирдиляр.
7.
Онлар юзляриня кющня боржларын силинмясини, сящм-
лярин ишчиляр арасында бюлцшдцрцлмясини, инщисарын рягабят
едян елементлярини дахил едирдиляр.
8.
Базар мафийасыны (инщисарыны) вя коммерсийа реаллыьыны
бярпа едяряк, юзялляшдирмя дювлят сащялярини жанландырды.
Exercise 6. Open the brackets putting the verbs in the
correct active and passive form:
History of RussianMoney
The first Russian coins (to mint ) when Russian was
converted to Christianity. Thegold and silver coins of Kievan
Rus were first made under Grand Duke Vladimir Sviatoslavich
in the late 10
th – early 11 th centure. After a long “coinless”
period , minting (to resume) in the 1380s, under Grand Duke
Dmitry Donskoy of Muskovy.
The Russian monetary system, which laid thefoundations
ofnational accounting and even the present – day rouble, (to
take) shape in the early 16 th century. Then, the chief currency
unit was the silver kopeck with a depiction of a horseman with
a lance (kopye inRussian), which was Russian’s emblem and
the symbol of grand – ducal power. The kopeck’s emergence
(to connect ) with the 1535 – 1538 reform of Yelena Glinskaya,
who managed to create a single monetary system for the
centralized Russian state, with the rouble containing 100
kopecks.
But by the 17 th century, the Russian monetary system,
based on just one type of coin, the one – kopeck piece, (to
become) something of an anachronism, lagging behind the
more convenientEuropean arrangement. Peter the Great (to
bring) into circulation coinsof various denominations: one –
60
rouble, fifty – kopeck, ten – kopeck, and other coins. The
drastic change also (to involve) the minting metal, with gold
and copper coins being produced in addition to the traditional
silver pieces, and machine – minted coins taking the places of
the hand – made ones.
The reform of finance minister Count Kankrin (1839 -
1843) was the first step towards tuning paper banknotes into
money backed by precious metal reserves. The silver rouble (to
recognize) as the principal monetary unit.
During finance minister Sergei Witte’s tenure in office,
paper banknotes (to back) by gold reserves worth 1,5 billion
roubles, and a new monetary economy was set up on the basis
of scientifically computed paper money emission rates. Thanks
to Witte’s reform, Russiafinally (to manage) to close the age –
old gap between itself and Europe and to integrate into the
global financial system. The rouble (to become) convertible.
In the post – 1917 period the paper banknotes of Soviet
Russia(to issue). The monstrous hyperinflation of the first years
ofSoviet power went down once the New Economic Policy was
in place and the gold reserves in the country rebuilt. The
chervonets, as the new unit equivalent to 10 pre – revolutionary
roubles was known, (to help) revive the Russian monetary
system founded by Witte.Itstayed in circulation until 1928.
With the first 5 – year plan in operation, when the Government
resumed its practice of high emission rates, inflation (to return)
and the Soviet rouble became an exclusively domestic legal
tender. Now the Russian rouble (to become) an international
currency.
61
It is interesting to know.
Describing food.
Food and drink are described as bitter, sweet, salty, sour
or spicy. An amount of a food prepared in a particular way and
served at a meal is called a dish.
Describing people
People (or human beings) are male or female adults or
children. They, their behavior or their attitude could be friendly,
bad-tempered, aggressive, honest, dishonest, sincere, calm, an-
xious, nervous, pleasant, unpleasant, intelligent, stupid, polite or
rude.
The way or manner in which somebody does something
may be important.
People do things deliberately or on purpose (=they mean
to do it) or accidentally or by mistake (=they do not mean to do it)
Somebody may have or show a quality or feeling such
as respect, interest, pleasure, skill, emotion, excitement,
enthusiasm, sympathy, courage or determination. Or they may
show a lack of one at these qualities or a desire to do
something.
Jokes about Economics and Economists
1. An economist is someone who didn’t have enough
personality to become an accountant.
2. An economist is someone who knows 100 ways to
make love, but doesn’t know any women.
3. Economics is extremely useful as a foрm of
employment for economists.
4. An economist, a philosopher, a biologist, and architect
were arguing about what was God’s real profession.
62
The philosopher said, “Well, first and foremost, God is a
philosopher because he created the principles by which man is to
live.”
“Ridiculous!” said the biologist. “Before that, God created
man and woman and all living things. So, clearly, he was a
biologist.”
“Wrong,” said the architect. “Before that, he created the
heavens and the earth. Before the earth, there was only
complete confusion and chaos!”
“Well,” said the economist, “where do you think the
chaos came from?”
63
LESSON 8
ENTREPRENEURSHIP
An entrepreneur organizes an enterprise. He also takes the
risk of a business in return for the profits. He buys the workers’
products (their labor services). The workers receive wages in
return for their work. An entrepreneur also introduces new
products or processes. He identifies markets and sources of
supply.
In many cases, owners delegate decisions to managers. Is
a salaried manager an entrepreneur, too? Some people think
that owners very seldom delegate a key decision to managers,
because owners do not trust them. But in practice many
subordinates have incentives to maintain the company’s well -
being because their promotion depends upon it. In this sense,
both owners and managers can be entrepreneurs. So, an
entrepreneur is either an owner or a manager who shows
judgment in decision making.
VOCABULARY
Entrepreneurship
предпринимательство
сащибкарлыг
Entrepreneur
предприниматель
сащибкар,
мцяссися сащиби
Enterprise
предприятие
мцяссися
Profit
прибыль
эялир, газанж
Product
продукт
мящсул
Labor
труд
, рабочая сила
ямяк, ишчи гцввяси
Service
услуга
, обслуживание
хидмят
Wage
заработная
плата
ямяк щаггы
Introduce
вводить
, внедрять,
представлять
тягдим етмяк,
бурахмаг
Process
процесс
щадисянин эедиши
инкишафы
Identify
определять
мцяййянляшдирмяк
Source
источник
мянбя
Supply
поставки
, поставлять
тяжщиз, тяжщиз етмяк
64
Own
владеть
сащиб олмаг,
йийялянмяк
Owner
владелец
сащибкар, сащиб
Delegate
передавать
,
делегировать
эюндярмяк,
нцмайяндя эюндярмяк
Manage
управлять
идаря етмяк
Salary
оклад
мааш, мяважиб
Salaried
находящийся
на окладе
мааш алан
Key
ключ
; ключевой
ясас; васитя, йол
Trust
доверять
инанмаг
Subordinate
подчиненный
табе едилмиш, табе олан
Incentive
побуждение
,
мотивация
арзу, ниййят;
дялилляр
Maintain
поддерживать
дястяклямяк
Promotion
продвижение
(
работника)
по службе,
продвижение
(
товара) на
рынке
хидмятдя иряли
чякмя, малын базара
чыхарылмасы
Judgment
суждение
, решение,
способность
к самос
тоятельному
суждению
и
принятию решений
мцщакимя, гярар
мцстягил мцлащизя
йцрцтмяк вя гярар
ябул етмяк бажарыьы
Take the risk
брать
на себя риск
риск етмяк, риски юз
цзяриня эютцрмяк
In return
взамен
, вместо
явязиндя
Workers’
products
продукт
, предостав
ляемый
рабочими
фящлялярин бурахдыьы
мящсул
Key decision
ключевое
решение
ясас гярар
In practice
на
деле, на практике
тяжрцбядя, щяйатда
Well – being
благосостояние
рифащ, фираванлыг
In this sense…
В
этом смысле...
бу мянада ....
Decision making
процесс
принятия
решения
гярар гябул етмя
просеси
Exercise 1. Answer the Questions:
1. Does an entrepreneur organize an enterprise?
2. Does he take the risk of a business?
3. Does an entrepreneur buy the workers’ products?
4. Do the workers receive wages in return for their work?
65
5.
Does an entrepreneur introduce new products or
processes?
6. Does he identify markets and sources of supply?
7. Do managers delegate decisions to owners?
8. Do subordinates have incentives to maintain the
company’s well – being?
Exercise 2. Give the synonyms of these words
Entrepreneur;entrepreneurship; to take the risk; in return
for; to buy; product; wages; to identify; to supply; insentive; to
trust; to maintain; to manage; labor; enterprise; market; profit
Exercise 3. Agree or disagree with the following statements.
1) Entrepreneur sets up a company. 2) Entrepreneur makes
business deals. 3) Entrepreneur risks his neck in order to make a
profit. 4) Entrepreneur introduces new types of legal techniques.
5) Entrepreneur leads his company to a slow growth of labour
productivity. 6) Entrepreneur must not be doubtful or ignorant.
7) Investment is the money that people or organizations have put
into a company, business, or bank in order to get a profit, or to
make a business activity successful. 8) Labour productivity is the
rate at which goods are produced, compared with the work, time,
and money needed to produce them.
Exercise 4. Match the definitions of the words.
1. entrepreneur
a. to choose smb. to do smth.
2. wage
b. smth. that encourages you to do
smth
3. supply c. activities done in order
to increase the sales ofa product
or service
66
4. delegate
d. a regular amount of money that
you earn
5. incentive
e. a person who makes money
by starting or running business
6. promotion
f. to provide sb.with smth. they
need or want
Exercise 5. Мятндян эютцрцлмцш сюз вя ифадяляри тяржцмя един.
Дайте
перевод слов и выражений из текста.
1. предприниматель; сащибкар 2. ключевое решение;
ясас
гярар 3. принятие решения; гярар гябул етмяк 4. орга-
низовывать
; тяшкил етмяк 5. определять; мцяййян етмяк 6.
ключевой
; ясас 7. суждение; мцщакимя 8. побуждение;
арзу
, ниййят 9. рынок; базар 10. брать на себя риск; риски
юз
цзяриня эютцрмяк 11. источник; мянбя 12. поставки;
тяжщиз
13. делегировать; нцмайяндя эюндярмяк 14. ре-
шение
; гярар 15. возвращать; гайтармаг 16. прибыль; эялир
17.рабочая сила; ишчи гцввяси 18. обслуживание; хидмят
19. поддерживать; дястяклямяк 20. продвижение; иряли
чякмя
(чякилмя)
Exercise 6. Бурахылмыш сюзляри мятндян тапыб йериня гойун:
Заполните
пробелы словами из текста:
1. An entrepreneur____________ an enterprise.
2. He takes the risk of a business in _______ for the
profits.
3. He buys the workers’ _____________ services.
4. The workers receive ___________ in return for their
work.
5. An entrepreneur ___________ new products or
processes.
6. He identifies ___________ and sources of supply.
7. Owners delegate decisions to _________.
67
8. Owners very seldom _______ a key decision to
managers.
9. Many subordinates have ________ to maintain the
company’s well – being.
10.
A manager shows ____________ in decision making.
Exercise 7. Translate the phrases into Russian and Azerbaijan.
1.
To take risk in return for the profit;
2.
To buy the worker’s labor services;
3.
To receive wages in return for the work;
4.
To introduce new products into the market
5.
To delegate decisions to managers,
Exercise 8. Translate the text
EducatingTomorrow’ S Entrepreneurs
Over the past two decades there has been a growing
debate about how well education systems prepare young people
for edult life in general and “enterprise” in the world ofwork in
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