Chapter 2 Crossword Puzzle

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Across
  1. 2. second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  2. 4. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
  3. 6. gross domestic product on a per person basis; can be expressed in current or constant dollars
  4. 9. organized way a society provides for the wants and needs of its people
  5. 10. lack of movement
  6. 12. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  7. 14. certificates that could be used to purchase government-owned property during privatization
  8. 15. (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
  9. 18. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  10. 20. economic system in which private citizens own and use the factors of production in order to generate profits
  11. 22. economic and political system in which factors of production are collectively owned and directed by the state; a theoretically classless society in which everyone works for the common good
  12. 23. entering into an activity
  13. 24. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  14. 26. conversion of state-owned factories and other property to private ownership
  15. 27. worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939
  16. 28. national policy of avoiding international alliances and economic interactions
  17. 29. market in which goods and services are sold illegally
Down
  1. 1. economic system in which the allocation of scarce resources, and other economic activity, is the result of ritual, habit, or custom
  2. 3. 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
  3. 5. shift of an economy, or part of an economy, from private ownership to government ownership
  4. 7. economic system characterized by a central authority that makes most of the major economic decisions
  5. 8. independent Polish labor union founded in 1980 by Lech Walesa
  6. 11. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
  7. 13. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  8. 16. density number of people per square mile of land area
  9. 17. 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
  10. 19. distribution
  11. 21. economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy
  12. 22. requiring large amounts of capital in relation to labor.
  13. 25. stressing