Across
- 5. national policy of avoiding international alliances and economic interactions
- 6. complete, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
- 10. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
- 12. certificate that people could use to buy government-owned property during privatization
- 14. shift of an economy, or part of an economy, from private ownership to government ownership
Down
- 1. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
- 2. conversion of state-owned factories and other property to private ownership
- 3. production process requiring large amounts of capital in relation to labor
- 4. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
- 7. gross domestic product on a per person basis; can be expressed in current or constant dollars
- 8. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
- 9. central planning authority in the former Soviet Union that created and directed Five-Year Plans
- 11. the association of European nations created in 1993 to develop a single market with full economic and political cooperation
- 13. market in which goods and services are sold illegally