Английский язык: Аннотирование и реферирование текста

43 Disloyal competition is prohibited. According to the law, in any economic activity, any action which contradicts to the good faith rela- tions and could have an impact on the interests of competitors and their relations with the customers is considered disloyal. • Price formation The price is the money value of the goods and services traded. In short, the price is the sum of the costs of production and profit. There are two main methods for price formation: • Knowing the production costs, we add the desired profit and we come up with the selling price • Knowing the price which a businessperson could demand from customers for a specific good or service, we try to achieve such a cost which provides us a satisfactory profit. Whichever way of price formation we choose depends on us; however, we should consider the following: In a free market economy under the severe competition condi- tions, it is not sure whether the goods and services would sell at a price determined in the first way. The price depends on the following two factors: • Purchasing capacity of the buyers • Relations between the supply and demand When the supply and demand are in equilibrium we can define the real price, formed only by the purchasing capacity of the buyers. The reality, however, is very unpredictable, which makes the price for- mation not an easy task to do. Vocabulary : Cyclic recurrence of goods – оборот товаров Labour allocation – размещения трудовых ресурсов Private households – частные владельцы Can be extended – может быть расширена Savings – сбережения Investments – вложения