4. Translate the words and put them in the sentences below.

1. globe, globalization, global, globally

1. establish, establishment, established, establishing

1. advertising, advertise, advertisement, advertiser

1. reduce, reduced, reduction, reducing

1. introduced, introducing, introduce, introduction

1. competitive, competitiveness, compete, competition, competitor

1. participator, participation, participate, participating

1. promotion, promote, promoter, promoting

1. Europe, European, euro

10. circulate, circulating, circulation

1. The ... in taxes usually stimulates production.

1. Both small and large companies spend money on ... in newspapers or on TV in order to promote their goods and services.

1. ... may help people to move from one country to another easily in order to seek for better jobs.

1. In order to get more profits companies try to ... goods.

1. The ... of the single currency has made transactions between different foreign companies much easier and faster.

1. The members of the... Union started to use the... as the single currency in ... in 2002.

1. Most countries of Central and Eastern Europe try to join the European Union as... in such a union can provide certain benefits in trade.

1. Famous American companies such as Coca Cola, and McDonalds have already ... subsidiaries in Russia and they can successfully ... with domestic producers for consumers.

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