unit 2 vocabulary\nvocabulary term definition sentence or illustration\ndefine the term using your textbook…

unit 2 vocabulary\nvocabulary term definition sentence or illustration\ndefine the term using your textbook. write a sentence or draw a picture to show your understanding of this term.\n1. agrarian relating to farming or agriculture\n2. capitalism an economic system in which resources and business are privately owned and the government does not control prices\n3. collective bargaining the negotiation of better wages and working conditions by a group, such as a union\n4. cooperative an organization that is owned and operated by its users for economic benefit\n5. corporation a type of large business\n6. economy the way a country manages its money and resources to produce, buy, and sell goods and services\n7. exposé a written account that reveals the often scandalous findings of an investigation\n8. industrialization a shift to the widespread use of machines and factories to produce goods\n9. inflation a rise in prices and a fall in the purchasing value of money\n10. injunction a court order that specifies an action a person or group must or must not take\n11. laissez - faire a philosophy that calls for very little or no government involvement in the economy\n12. lockout a closure of a business by an owner to gain concessions from workers during a labor dispute

unit 2 vocabulary\nvocabulary term definition sentence or illustration\ndefine the term using your textbook. write a sentence or draw a picture to show your understanding of this term.\n1. agrarian relating to farming or agriculture\n2. capitalism an economic system in which resources and business are privately owned and the government does not control prices\n3. collective bargaining the negotiation of better wages and working conditions by a group, such as a union\n4. cooperative an organization that is owned and operated by its users for economic benefit\n5. corporation a type of large business\n6. economy the way a country manages its money and resources to produce, buy, and sell goods and services\n7. exposé a written account that reveals the often scandalous findings of an investigation\n8. industrialization a shift to the widespread use of machines and factories to produce goods\n9. inflation a rise in prices and a fall in the purchasing value of money\n10. injunction a court order that specifies an action a person or group must or must not take\n11. laissez - faire a philosophy that calls for very little or no government involvement in the economy\n12. lockout a closure of a business by an owner to gain concessions from workers during a labor dispute

Answer

Brief Explanations:

  1. Agrarian: Relating to farming or agriculture. Example sentence: The agrarian society relied on crop - farming for sustenance.
  2. Capitalism: An economic system with private ownership of resources and businesses, and limited government price - control. Example sentence: In a capitalist economy, entrepreneurs can start new businesses easily.
  3. Collective Bargaining: Negotiation by a group (like a union) for better wages and working conditions. Example sentence: The union used collective bargaining to secure a pay raise for its members.
  4. Cooperative: An organization owned and operated by its users for economic benefit. Example sentence: The farmers' cooperative helped them sell their produce at better prices.
  5. Corporation: A type of large business. Example sentence: The corporation expanded its operations globally.
  6. Economy: The way a country manages money and resources for production, buying, and selling goods and services. Example sentence: The country's economy has been growing steadily.
  7. Exposé: A written account revealing often scandalous findings of an investigation. Example sentence: The journalist's exposé on the corruption scandal shocked the nation.
  8. Industrialization: The shift to widespread use of machines and factories for production. Example sentence: Industrialization led to a significant increase in manufacturing output.
  9. Inflation: A rise in prices and a fall in the purchasing value of money. Example sentence: High inflation rates can make it difficult for people to afford basic goods.
  10. Injunction: A court order specifying an action a person or group must or must not take. Example sentence: The court issued an injunction to stop the construction project.
  11. Laissez - faire: A philosophy advocating little or no government involvement in the economy. Example sentence: The government adopted a laissez - faire approach to business regulations.
  12. Lockout: A business closure by an owner to gain concessions from workers during a labor dispute. Example sentence: The company's lockout of employees lasted for two weeks.

Answer:

  1. Sentence: The agrarian society had a deep connection to the land.
  2. Sentence: Capitalism encourages competition among businesses.
  3. Sentence: Collective bargaining is an important tool for workers' rights.
  4. Sentence: The consumer cooperative offered discounted products to its members.
  5. Sentence: The corporation made a large profit this year.
  6. Sentence: The new policies aim to boost the economy.
  7. Sentence: The exposé in the newspaper caused a public outcry.
  8. Sentence: Industrialization transformed the social and economic landscape.
  9. Sentence: Inflation can erode people's savings over time.
  10. Sentence: The injunction prevented the protest from taking place in that area.
  11. Sentence: The idea of laissez - faire influenced the government's economic decisions.
  12. Sentence: The lockout was a strategic move by the employer in the labor conflict.