ch2-3

1. market- market in which goods and services are sold illegally
4. Union eu- 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
7. fundamental restructuring of the soviet economy, policy introduced by gorbachev
9. intensive- requiring large amounts of capital in relation to labor
10. per captia- gross domestic product on a per person basis, can be expressed in current or constant dollar
13. shift of an economy or part of an economy, from private ownership to government ownership
14. -independently owned group of japanese firms joined and governed by an external board of directors in order to regulate competition
16. conversion of state owned factories, and other property to private ownership

2. forced common ownership of factors of production, used in the former soviet union in agriculture and manufacturing
3. leap forward- china second five year plan begun in 1958 which forced collectivization of agriculture and rapid industrialization
5. central planning authority in the former soviet union that devised and directed five year plans
6. entering a new activity
7. density- number of people per square mile of land area
8. independent polish labor union founded in 1980 by lech walesa
11. certificates that can be used to purchase government owned property during privatization
12. year plan-comprehensive, centralized economic plan used by the soviet union and china too coordinate development of agriculture and industry
15. national policy of avoiding international alliances and economic interactions