Across
- 4. Fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
- 5. Certificates that could be used to purchase government-owned property during privatization
- 6. Independent Polish labor union founded in 1980 by Lech Walesa
- 7. economy Economic system in which the allocation of scarce resources and other economics activity is the result of ritual, habit or custom
- 8. Depression Worst period of economic decline in U.S. history, lasting from approximately 1929-1939
- 10. density Number of people per square mile of land area
- 11. Economic and political system in which factors of production are collectively owned and directed by the state; based on theoretically classless society in which everyone works for the common good
- 14. Economic system in which government owns some factors of production and had a role in determining what and how goods are produced
- 16. economy Economic system characterized by a central authority that makes most of the major economic decisions
- 17. market Market in which goods and services are sold illegally
Down
- 1. economy 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
- 2. Shift of an economy or part of an economy, from private ownership to government ownership
- 3. Conversion of state-owned factories and other property to private ownership
- 9. Union Successor of the European coal and steel community established in 1993 by the Maastricht Treaty
- 12. economics Economic system that had some combination of traditional, command, and market economies; also see modified free enterprise economy
- 13. systems Organized way a society provides for the wants and needs of its people
- 15. capitalism Private citizens, own and the factor of production to make money