Lesson 202 - Ideal economic model

Question 1

The present definition of [1] [2] is attributed to countries that protect the economic security, health and overall well-being of citizens, particularly those in vulnerable financial or social situations.

Государство всеобщего благосостояния. Социальное государство

Answer 1

The present definition of welfare states is attributed to countries that protect the economic security, health and overall well-being of citizens, particularly those in vulnerable financial or social situations.

There is no welfare state in Pakistan.

Question 2

adj.

We should work out the strategy on how to boost the [1] demand for our goods.

Сокращающийся, уменьшающийся.

Answer 2

We should work out the strategy on how to boost the diminishing demand for our goods.

The diminishing full Moon turned into the crescent.

Question 3

noun

I believe that the [1] of my start-up is close. I know how economics works and I’ll lead my company to success.

Расцвет, зенит

Answer 3

I believe that the heyday of my start-up is close. I know how economics works and I’ll lead my company to success.

Now it’s a heyday time for our company.

Question 4

Companies with huge budgets can easily [1] small businesses on the market.

Конкурировать, превосходить конкурентов. Вытеснять.

Answer 4

Companies with huge budgets can easily outcompete small businesses on the market.

They were outcompeted by their foreign rivals.

Question 5

Total governmental control over the market may be a [1] on its growth.

Бедствие, упадок. То, что наносит вред, разрушает планы.

Answer 5

Total governmental control over the market may be a blight on its growth.

His illness was a blight to his plans this weekend.

Question 6

In an [1] market, sellers and purchasers communicate their supply and demand to decide the prices of goods and services.

syn. unlimited

Неограниченный, свободный.

Answer 6

In an unfettered market, sellers and purchasers communicate their supply and demand to decide the prices of goods and services.

unfettered by (smth)

His art was unfettered by normal rules.

Question 7

You should realise that an immediate [1] is impossible in our field. Be patient!

Окупаемость, отдача

Answer 7

You should realise that an immediate payback is impossible in our field. Be patient!

The energy payback was calculated at 24 percent annual return on investment.

Question 8

The wars had [1]ed him.

Доводить до нищеты. Обеднять. Истощять.

Answer 8

The wars had impoverished him.

Erosion impoverishes the quality of the soils, reducing their suitability for agriculture.