economics vocab chapter 2

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Across
  1. 3. certificates that could be used to purchase government-owned property during privatization.
  2. 6. successor of the European coal and steel community established in 1933 by the maastritch Treaty.
  3. 9. independently owned group of Japanese firms joined and governed by an external board or directors in order to regulate competition.
  4. 10. organized way a society provides for the wants and needs of its people.
  5. 12. economic system characterized by a central authority that makes most of the major economic decisions.
  6. 13. China's second Five-Year plan,begun in 1958, which forced collectivization of agriculture and rapid industrialization.
  7. 15. shift of an economy, or a part of an economy,from private ownership to government ownership.
  8. 16. policy introduced by Gorbachev.
  9. 19. economic system in which the allocation of scarce resources and other economic activity is the result of ritual, habit, or custom.
  10. 20. gross domestic product on a per person basis.
  11. 21. central planning authority in the former soviet union that devised and directed Five-Year Plans.
  12. 22. number of people per square mile of land area.
  13. 23. economic and political system in which factors of production are collectively owned and directed by the state.
Down
  1. 1. conversion of state-owned factories and other property to private ownership.
  2. 2. worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939.
  3. 4. meeting place or arrangement through which buyer and sellers interact to determine price and quantity of an economic product.
  4. 5. economic system that has some combination or traditional, command, and market economies.
  5. 7. independent polish labor union founded in 1980 by lech walesa.
  6. 8. economic system in which government owns some factors of production and has a role in determining what and how goods are produced.
  7. 11. economic system in which private citizens own and use the factors of production in order to generate profits.
  8. 12. forced common ownership of the factors of production.
  9. 14. 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.
  10. 17. market in which goods and services are sold illegally.
  11. 18. comprehensive, centralized economic plan used by the soviet union and china to coordinate development of agriculture and industry.