Translate the sentences from Ukrainian into English

1. Поява трьох основних форм власності тісно пов’язана з ерою бурного економічного прогресу у всіх галузях промисловості.

2. При одноособовій формі власності власник отримує увесь прибуток підприємства, але він також несе необмежену персональні відповідальність у випадку неспроможності виконати зобов’язання перед постачальниками та клієнтами.

3. Партнерство дозволяє власникам об’єднати свої фінансові капітали для отримання максимального прибутку, а також полегшує отримання кредиту у банку для розширення діяльності.

SUPPLEMENT

Read the text without the dictionary and title it. Give the written translation of the text and answer the questions to the text.

The private business corporation is known as one type of corporation but there also exist other types, for instance, public corporations owned by governmental bodies. The Tennessee Valley Authority formed in the 1930s in the USA can be mentioned as an example of a federal corporation which is to provide power, control floods, and provide irrigation.

The majority of corporations in the USA are small and they make up approximately 25 percent of all business companies, however, this figure undertakes the real economic significance if the corporate business organization. Modern technological developments largely account for appearance of corporate giants in such sectors of the economy as manufacturing, transportation and utilities, mining, banking and insurance, and retail trade.

In view of the growing importance of corporations, society is faced with three major problems. First, the growth in corporate size has brought about an increasing separation of control from ownership. In large companies a stockholder no longer performs effective control; actual control belongs to management, which tends to be self-selecting and responsible only to it. Second, the size of many corporations gives them economic power that permits to ignore the discipline of the competitive market, because it is large corporations that have real control over the prices charged for the goods they produce. Finally, society cannot be sure that the corporate performance serves the public interest.

Public interest requires organization and operation of business to be subject to governmental regulation and many laws have been enacted for the purpose of ensuring a competitive pluralism in production and trade. Government regulation, particularly in the USA, attempts to prevent the formation of monopolies that totally control a particular branch of industry such as steel, petroleum, or automobile production. Governments also regulate public utilities and transportation, guarantee loans to homeowners, subsidize shipping, build highways and airports, and administer price-support programs for farmers.

What types of corporations are known?

Поиск по сайту: