omists of the 19th century, include land in capital.
7. One has to replace inputs used up in one production cycle.
8. If, with a change of price, the supply increases by less than one per cent, it is called inelastic.
9. One defines (определять) efficiency as the relationship between factor inputs and output of goods and services.
10. One calls a consumer good such as a television, which is used over long periods of time rather than immediately, a durable good.
11. One achieves higher health standards by increasing the number of workers and equipment, that is, by reducing labour and capital used for other purposes.
Список используемой литературы:
Английский язык для студентов экономических специальностей. Глушенкова Е. В. , Комарова Е. Н. - М. : 2003 - 352 с
С. В. Первухина. Английский язык в таблицах и схемах. Ростов н/Д:Феникс,2015
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