Cadence Stem Chapter 2

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Across
  1. 1. comprehensive centralized economic plan used by the soviet union and china to coordinate development of agriculture and industry
  2. 3. certificates that could be used to purchase government owned property during privatization
  3. 6. market in which goods and services are sold illegally
  4. 10. economic___ = organized way a society provides for the wants and needs of its people
  5. 14. shift of an economy from private ownership to government ownership
  6. 15. ___economies = economic system that has some combination of traditional, command, and market economies
  7. 17. gross domestic product on a per person basis
  8. 19. forced common ownership of factors of production
  9. 21. economic system in which private citizens own and use the factors of production in order to generate profits
  10. 22. central planning authority in the former soviet union that devised and directed five year plans
  11. 24. fundamental restructuring of the soviet economy
  12. 25. conversion of state owned factories and other property to private ownership
Down
  1. 2. successor of the European Coal And Steel community established in 1993 by the Maastricht Treaty
  2. 4. market___ = economic system in which supply, demand, and price system help people allocate resources and make the WHAT HOWd and FOR WHOM to produce decisions
  3. 5. china’s second five year plan which forced collectivization of agriculture and rapid industrialization
  4. 7. ___economy = economic system characterized by a central authority that makes most of the major economic decisions
  5. 8. ___economy = economic system in which the allocation of scarce resources and other economic activity is the result of ritual, habit, or custom
  6. 9. independent polish labor union founded 1980 by Walesa
  7. 11. ___intensive = production process requiring large amounts of capital in relation to labor
  8. 12. meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product
  9. 13. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
  10. 16. independently owned group of Japanese firms joined and governed by an external board of directors to regulate competition
  11. 18. ___density = number of people per square mile of land
  12. 20. economic and political system in which factors of production are collectively owned and directed by the state
  13. 23. Great___ = worst period of economic decline in US history