economics vocab

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Across
  1. 3. that relies on cultural customs, beliefs, and other traditions for economic
  2. 4. an economy in which production, investment, prices, and incomes are determined centrally by a government.
  3. 6. (in the former Soviet Union) the policy or practice of restructuring or reforming the economic and political system. First proposed by Leonid Brezhnev in 1979 and actively promoted by Mikhail Gorbachev, perestroika originally referred to increased automation and labor efficiency, but came to entail greater awareness of economic markets and the ending of central planning.
  4. 8. a unique partnership between 27 European countries
  5. 9. the campaign undertaken by the Chinese communists between 1958 and early 1960
  6. 10. a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
  7. 14. (especially in the former Soviet Union) a government plan for economic development over five years. The first such plan in the Soviet Union was inaugurated in 1928
  8. 15. a small printed piece of paper that entitles the holder to a discount, or that may be exchanged for goods or services.
  9. 18. the act or policy of joining several private farms, industries, etc. together so that they are controlled by the community or by the state.
  10. 20. occurs when a government-owned business, operation, or property becomes owned by a private, non-government party
  11. 21. (in Japan) a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.
  12. 22. an illegal traffic or trade in officially controlled or scarce commodities.
  13. 24. a measurement of population per unit land area
  14. 25. an economic and political system in which a country's trade and industry are controlled by private owners for profit.
Down
  1. 1. a long and severe recession in an economy or market.
  2. 2. an economic metric that breaks down a country's economic output per person.
  3. 5. (of a business or industrial process) requiring the investment of large sums of money.
  4. 7. societies or governments organize and distribute available resources, services
  5. 11. an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
  6. 12. the transfer of a major branch of industry or commerce from private to state ownership or control.
  7. 13. union or fellowship arising from common responsibilities and interests, as between members of a group or between classes, peoples, etc
  8. 16. The State Planning Committee, commonly known as Gosplan was the agency responsible for central economic planning in the Soviet Union.
  9. 17. an economic system combining private and public enterprise.
  10. 19. a regular gathering of people for the purchase and sale of provisions, livestock, and other commodities.
  11. 23. policy or practice based on the political and economic theory of socialism.