Quick Vocab
OERPROJECT:WH/ LESSON 9.2OPENERQUICK VOCABUnless otherwise noted, this work is licensed under CC BY 4.0. Credit: “Quick Vocab”, OER Project, www.oerproject.com/1PurposeReview some of the vocabulary you’ve learned and preview a couple of new terms. Reinforcing vocabulary will help you understand the content covered in this unit.Process1.Review the vocab terms in the left-hand column. Circle the terms you’re already familiar with,and put a star next to those you’re unfamiliar with.Then, match each term with the correct definition in the right-hand column.Vocab TermDefinitionmultinationalThe process of the world becoming more like a single nation with one shared economy and culture, rather than being made up of separate, distinct countries.automationRelating to a theory in economics emphasizing individual freedom from restraint, usually based on free competition, the self-regulating market, and the gold standard.liberalizeTo change from government control or ownership to private.privatizeOperation by machinery rather than by people.globalizationThe total market value of the goods and services produced by a country’s economy during a specified period of time.gross domestic product (GDP)Relating to or involving several countries.
OERPROJECT:WH / LESSON 9.2OPENERQUICK VOCAB22.Pick two vocab terms from the left-hand column and use each one in a sentence about globalization.Term:Sentence:Term:Sentence: