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Practice Listening: Summarize Spoken Text ID: #32470 Short Market Economy
Instructions
Within most developed countries, notions of pragmatism, notions of the fact that we have democracies, have succeeded in tempering the market economy. In the 19th century, 18th century, the Industrial Revolution has a very negative effect on people, particularly working classes all over the world. We see data where life expectancy was reduced, hikes we were reduced, we were looking at the medical record. We can see that actually, living standards, much among large fractions of the population, actually went down. But eventually, we pass the legislation about working conditions. And eventually, we circumscribe some of the worst kinds of behaviour. We eventually, in the 20th century, we put regulations that composed better environmental conditions. And so some of the damage was reversed, and that we have made the market economy work in ways that the benefits of the all is far more what we shared in the world a hundred years ago.
* Summarize in the box below (between 20 and 30 words)

Sample Answer:

The talk not only meticulously outlines the significance of tempering market economies, but also vividly points out the importance of negative effects and working classes. Besides, it provides a brief overview of living standards, followed by large fractions and passing legislations. To put it simply, coping with vicissitudes and attaining acumen seem to hold one in good stead, as far as broadening their horizons is concerned.
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