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Private enterprises in the UK generate over three-quarters of total
domestic income. Private sector development is a strategy for promoting
economic growth and reducing poverty by building private enterprises. Most
businesses in the UK, large or small, belong to the private enterprise system.
The private enterprise system is founded on principle that competition among
business firms best serves to the need of society. Success or failure of the
business firms is determined how well they match or counter the offerings of
competitors. In the private system, firms must continually adjust their strategies,
product offerings, service standards, and the like, or else competitors may gain
larger shares of industry sales and profits. Competitive markets are stronger and
more inclusive. Competition assures that firms that satisfy consumer demands
will be successful and those that do not will go out of existence. That
competition among firms assures that consumers received the best possible
products and price because the less efficient producers would gradually be
eliminated from the market place. The private enterprise system guarantees
people that right to own, buy, sell and bequeath most forms of property,
including land, buildings, machinery, equipment, inventions.
Найдите английские эквиваленты следующих слов и
словосочетаний: производить/ генерировать; совокупный национальный
доход; принадлежать; успех, неудача; соответствовать; эффективные
производители