Part 2 New Business
I. What conditions are important for people starting new businesses? Choose the three most important from this list. Can you think of any others?
II. Many economies contain a mix of public and private sector businesses.
Think of the companies you know in the areas given in the list. Which of them are public sector companies and which are private sector companies?
BUILD YOUR VOCABULARY
I. Match the terms 1-10 to their definitions a-j.
II. Complete the economic profile. Don’t look back at the terms in task I.
The economy is stable following the problems of the past two years. By following a tight monetary policy the government has reduced the inflation rate to 2%. After going up dramatically, the i… r… is now down to 8%. The last six months has seen an improvement in the e… r… against the dollar. The G… has grown by 0.15%. Exports are increasing and the b… of t… is starting to look much healthier. The u… r… continues to be a problem as it is still 16%. In order to stimulate the economy and attract g…i… the government is offering new t… i… as well as making an effort to reduce g… b… . Finally, a large skilled l… f… means there could be attractive investment opportunities over the next five years.
GRAMMAR REVIEW 2
We can combine two or more nouns in several ways.
· ‘s possessiveJulia’s desk
· one noun used as an adjectivehead office
· phrases with of Director of Communications
· compound nouns forming one wordboardroom
I. Match these examples with the categories above.
customer satisfaction way of life salesperson Coca-Cola’s logo