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English Grammar Exercises

Economics Questions test (2)

ESL test for advanced level students

Home > Free English Tests for ESL/EFL > English Language Proficiency Test, Advanced Level # 82
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A ......... is the person who directs, supervises and operates a business or a section of a business. This person is in a management position but is not always the owner of the company.

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When people or departments become highly-skilled in one area of production because they only create or produce one item or one part of an item, ......... occurs.

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......... is a system where products or parts of products move from one worker to another. This is an efficient system that is used in order to manufacture products in a highly productive manner.

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When companies split up or divide workers' tasks so that each worker performs one job or task, the process is known as ..........

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Many companies around the world use ........., or make use of scientific advancements, to manufacture new and improved products every day.

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......... store huge amounts of information within computer systems that were not in existence 40 years ago.

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In some nations, people and families are below the poverty level and are in need so they are given ......... in order to survive.

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In a ......... economy, individuals and businesses own and make most of the decisions about resources. In this type of economy, the people own and control most of the production processes.

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In a ......... economy, individuals and governments own and control production together. They both decide how resources will be used, what will be produced and who will buy and use the products.

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Whether businesses manufacture goods or offer services, all of the money taken in by a business is called ..........

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