Exercise 2: Fill in the blanks. Use the words in italic.
conditions
mutual
economics
scale
supply
market
product
demand
system finance
Branches of economics: Microeconomics tells us
the way in which persons or
organizations behave when making relations which are associated to the
(1) ……………….
behavior of a product. Market is a
(2) ………………. of conditions that permits buyers who
have a
(3) ………………. and sellers who have a
(4) ………………. of a specific product to
work together. The supply and demand determine the
behavior of the market for a (5)
……………….
Macroeconomics
tells about the way a society,
especially a nation, behaves when
governing
the market (6) ………………. for the sake of the community’s welfare.
International
(7) ……………….analyses the movement of trade and the position of a nation’s
finance in the connection with other countries. On a macroeconomic
(8) ………………., this
science tells us about the (10) …..help among nations in the world in an effort to keep Man‘s
existence subsist, grow, and develop peacefully and globally.
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