Ch. 2 review

1234567891011121314151617181920212223
Across
  1. 3. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  2. 8. shift of an economy, or part of an economy, from private ownership to government ownership
  3. 9. certificate that people could use to buy government-owned property during privatization
  4. 12. market in which goods and services are sold illegally
  5. 14. complete, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  6. 15. economic system characterized by a central authority that makes most of the major economic decisions
  7. 17. central planning authority in the former Soviet Union that created and directed Five-Year Plans
  8. 18. number of people per square mile of land area
  9. 19. organized way a society provides for the wants and needs of its people
  10. 20. gross domestic product on a per person basis; can be expressed in current or constant dollars
  11. 21. meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product; may be local, regional, national, or global
  12. 22. independent Polish labor union founded in 1980 by Lech Walesa
  13. 23. economic system in which the allocation of scarce resources, and other economic activity, is the result of ritual, habit, or custom
Down
  1. 1. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  2. 2. worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939
  3. 4. economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy
  4. 5. economic and political system in which factors of production are collectively owned and directed by the state; based on a theoretically classless society in which everyone works for the common good
  5. 6. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
  6. 7. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  7. 10. economic system in which private citizens own and use the factors of production in order to generate profits
  8. 11. gross domestic product on a per person basis; can be expressed in current or constant dollars
  9. 13. 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; same as free enterprise economy
  10. 16. established in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
  11. 17. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization