What does sociology interpret in social contexts? What do psychology and ethics try to explain? On what problems do economists focus their attention? Social science distribution of goods and services to try to explain sociology interprets human behavior to create a multitude of individual prices to spend their income as much pleasure as possible they maximize utility for their part to deal with modern explanation prosperity and depression demand for goods and services business investors according to Keynes larger budget deficits. Because, according to Keynes, inadequate aggregate demand increases unemployment, the indicated cure is either more investment by businesses or more spending and consequently larger budget deficits by government. His explanation of prosperity and depression centers on the total or aggregate demand for goods and services by consumers, business investors, and governments. Macroeconomics dates from the book, The General Theory of Employment, Interest, and Money (1935), by the British economist John Maynard Keynes. The second field, macroeconomics, deals with modern explanations of national income and employment. For their part, entrepreneurs seek as much profit as they can extract from their operations. As economists say, they maximize utility. Consumers try to spend their income in ways that give them as much pleasure as possible. Microeconomics assumes that people behave rationally. The first, price theory or microeconomics, explains how the interplay of supply and demand in competitive markets creates a multitude of individual prices, wage rates, profit margins, and rental changes. Standard economics can be divided into two major fields. Other fields of study also contribute to this knowledge: Psychology and ethics try to explain how objectives are formed history records changes in human objectives sociology interprets human behavior in social contexts. Economists focus on the way in which individuals, groups, business enterprises, and governments seek to achieve efficiently any economic objective they select. предпринимательĮconomics, social science concerned with the production, distribution, exchange, and consumption of goods and services. Listen to the speaker read and memorize the following words and phrases: `How do you do? `Good morning! Morning!`Good afternoon! Good evening! Evening! Glad to meet you! `Haven't `seen you for ages! It's `good to `see you again! How `nice to see you again!Ģ. `How are you doing? `How is business? `Not bad. Hello, John! Hello! `How are you? Thank you, I'm all right Thank you, very well Thank you, `not so well. Practise the fluent reading and correct intonation: Administrative and territorial divisions of the russian federationġ. Counties of the united kingdom of great britain and northern irelandĪppendix 3. States of the united states of americaĪppendix 2. Small business in the usa: an s-corporation is not always best.ġ. Competition in many markets: an example.Ģ. Participle i (present participle active).ģ. Territorial and administrative division of government in the united kingdomġ. Product, price, promotion and place: the four p's of marketing