vocabulary term unit 2 vocabulary definition sentence or illustration define the term using your textbook…

vocabulary term unit 2 vocabulary definition sentence or illustration define the term using your textbook. write a sentence or draw a picture to show your understanding of this term. 1. agrarian relating to farming or agriculture 2. capitalism an economic system in which resources and businesses are privately owned 3. collective bargaining the negotiation of better wages. 4. cooperative an organization that is owned and operated by its users for economic benefit. 5. corporation a type of large business 6. economy the way a country manages its money. 7. exposé a written account that reveals the often scandalous findings of an investigation. 8. industrialization a shift to using machinery more. 9. inflation a rise in prices and a fall in purchasing. 10. injunction defines an action a person or group must not do. 11. laissez - faire a philosophy that calls for little or no government involvement 12. lockout the closure of a business by an owner to gain concessions.

vocabulary term unit 2 vocabulary definition sentence or illustration define the term using your textbook. write a sentence or draw a picture to show your understanding of this term. 1. agrarian relating to farming or agriculture 2. capitalism an economic system in which resources and businesses are privately owned 3. collective bargaining the negotiation of better wages. 4. cooperative an organization that is owned and operated by its users for economic benefit. 5. corporation a type of large business 6. economy the way a country manages its money. 7. exposé a written account that reveals the often scandalous findings of an investigation. 8. industrialization a shift to using machinery more. 9. inflation a rise in prices and a fall in purchasing. 10. injunction defines an action a person or group must not do. 11. laissez - faire a philosophy that calls for little or no government involvement 12. lockout the closure of a business by an owner to gain concessions.

Answer

Brief Explanations:

  1. Agrarian: The rural - based economy centered around farming. Example: The agrarian society relied on crop cultivation.
  2. Capitalism: In this system, private entities drive economic activity. For instance, private companies own factories.
  3. Collective Bargaining: Workers negotiate as a group for better pay. Unions often use this method.
  4. Cooperative: A user - owned organization for mutual economic gain. A farmers' cooperative is an example.
  5. Corporation: A large business entity with legal status. Apple Inc. is a well - known corporation.
  6. Economy: Encompasses all financial and economic activities in a region. A country's economy can be strong or weak.
  7. Exposé: Investigative journalism revealing important information. Journalists write exposés on corruption.
  8. Industrialization: Shift from agrarian to industrial society. The 19th - century saw rapid industrialization.
  9. Inflation: When prices rise and purchasing power falls. High inflation can cause economic instability.
  10. Injunction: A legal order restricting an action. Courts issue injunctions to stop illegal activities.
  11. Laissez - faire: Advocates minimal government intervention in the economy. Free - market enthusiasts support this.
  12. Lockout: Employer - initiated closure to gain concessions. Employers may lock out workers during disputes.

Answer:

  1. Sentence: The agrarian community celebrated the harvest season with a festival.
  2. Sentence: Capitalism has led to great technological advancements in many countries.
  3. Sentence: The union engaged in collective bargaining to secure a pay raise for its members.
  4. Sentence: The cooperative provided affordable goods to its members.
  5. Sentence: The corporation expanded its operations globally.
  6. Sentence: The government implemented policies to boost the economy.
  7. Sentence: The journalist's exposé on the scandal shocked the public.
  8. Sentence: Industrialization brought about significant changes in the social structure.
  9. Sentence: Inflation made it difficult for people to afford basic necessities.
  10. Sentence: The court issued an injunction to halt the construction project.
  11. Sentence: The laissez - faire approach allowed businesses to operate with few regulations.
  12. Sentence: The employer declared a lockout to pressure the workers into accepting new terms.