Uzbekistan’s path to a market economy. Chapter V review
Answers are for parents and teachers.
1
Write the five principles of Uzbekistan’s transition to a market economy in your notebook.
The primacy of the economy over politics; the state as chief reformer; the rule of law; a strong social policy; a gradual transition.
2
A price fell from 50 000 to 45 000 so‘m. By what percent?
10
3
The annual wage fund is 960 000 000 so‘m. How many so‘m per month?
80000000
4
From where you live, write one example each of pure competition, monopolistic competition and natural monopoly.
Sample: a farmers’ market; cafes; the water or electricity network.
5
Why is competition protected in a market economy? Write two reasons.
Competition lowers prices and raises quality; monopoly harms buyers.