The document discusses important conditions for starting new businesses and defines economic terms. The three most important conditions are low taxes, skilled staff, and low interest rates. It also provides definitions for various economic terms like interest rate, exchange rate, inflation rate, labor force, tax incentives, and balance of trade.

1. UNIT 11: NEW BUSINESSS I VOCABULARY : Taxes ( n) : Thuế, cước. Taxes return: Thuế doanh thu. Government (n): Chính phủ. Currency (n): Tiền tệ. Unemployment (n): Thất nghiệp. Employment (n) :Việc làm Training courses: Khóa học đào tạo.

2. A.What conditions are important for people starting new businesses? Choose the three most important from this list. Can you think of any others? 6. Good transport links 7. Training courses 8. High unemployment 9. A strong currency 10. Government grants 1. Low taxes 2. Skilled staff 3. Low interest rates 4. Cheap rents 5. Stable economy

3. Interest rate: Lãi suất. Exchange rate: Tỷ giá hối đoái. Inflation rate: Tỷ lệ lạm phát. Labour force: Lực lượng lao động. Tax incentives: Ưu đãi về thuế. Government bureaucracy : Chính phủ quan liêu. Foreign investment: Đầu tư nước ngoài. Balance of trade: Cán cân thương mại. II. Vocabulary Economic terms

4. 1.Interest rate 2.Exchange rate 3.Inflation rate 4.Labour force 5.Tax incentives A Match the economic terms (1-10) to their definitinons (a-j) Total value of goods and services produced in a country. General increase in prices. Cost of borrowingmoney Price at which one currency can buy another.

5. 6. Government bureaucracy 7. GDP (gross domestic product) 8. Unemployment rate 9. Foreign investment 10. Balance of trade e) Percentage of people without jobs f) People working g) Low taxes to business activity h) Money from overseas i) Official rules/ regulations/ paperwork j) Difference in value between a country’s import and exports

6. C D B F G 6. I 7. A 8. E 9. H 10. J