Study the following and write a composition (about 300 words).

Most people work in order to earn their living, and they produce goods and services. This fact can be shown as a diagram:

Most people produce

goods or services

The things which people produce are called their products. So the diagram can be drawn as:

products

goods services

Below are 20 kinds of people. Ten of them produce goods; ten produce services. Use these as examples in your composition.

26. Write about 400 words and make presentations on the topics:

1) Economy, economics; 2) Different economic systems; 3) Mixed economies; 4) Command economies;

5) Free economies; 6) RF economic system; 7) Economic system of any other country.

Your work should be in two parts: (i) an introduction on economic systems in general; (ii) types of economies in particular. Use the material provided in the texts and exercises.