Caleb Lanning Chapter 2

12345678910111213141516171819202122232425
Across
  1. 3. certificates that could be used to purchase government-owned property during privatization
  2. 4. market in which goods and ervices are sold illegally
  3. 6. conversation of state-owned factories and other property to private ownership
  4. 7. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
  5. 11. economic system in which supply, demand, and the price system help people allocate resources and make the WHAT, HOW, and FOR WHOM to produce decisions
  6. 17. shift of an economy, or part of an economy, from private ownership to government ownership
  7. 20. economic system in which the allocation of scarce resources, and other economic activity, is the result of ritual, habit, or custom.
  8. 21. meeting place of arrangement through which buyers and sellers interact to determine price and quantity of an economic product
  9. 22. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  10. 24. production process requiring large amounts of capital in relation to labor
  11. 25. comprehensive, centralized economic plan used by the Soviet Union and CHina to coordinate development of agriculture and industry
Down
  1. 1. economic system that has some combination of traditional, command, and market economies
  2. 2. number of people per square mile of land area
  3. 5. forced common ownership of factors of production; used in former Soviet Union in agriculture and manufacturing
  4. 8. economic system characterized by a central authority that makes most of the major economic decisions
  5. 9. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
  6. 10. economic and political system in which factors of production are collectively owned directly by the state; a theoretically classless society in which everyone works for the common good
  7. 12. gross deomestic product on a per person basis; can be expressed in current or constant dollars
  8. 13. independent Polish labor union founded in 1980 by Lach Walesa
  9. 14. organized way a society provides for the wants and needs of its people
  10. 15. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  11. 16. economic system in which the private citizens own and use the factors of production in order to generate profits
  12. 18. worst period of economic decline in US history, lasting from 1929 to 1939
  13. 19. China's second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  14. 23. successor of the European Coal and Steel Community established in 1993 by the Maastricht Treaty