Chapter 2 Lesson 3 Vocabulary

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Across
  1. 2. requiring large amounts of capital in relation to labor.
  2. 5. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
  3. 9. certificates that could be used to purchase government-owned property during privatization
  4. 11. independent Polish labor union founded in 1980 by Lech Walesa
  5. 12. conversion of state-owned factories and other property to private ownership
  6. 13. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  7. 14. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  8. 15. 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
Down
  1. 1. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  2. 3. number of people per square mile of land area
  3. 4. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  4. 6. gross domestic product on a per person basis; can be expressed in current or constant dollars
  5. 7. Market market in which goods and services are sold illegally
  6. 8. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  7. 10. shifts of an economy, or part of an economy, from private ownership to government ownership