Ch 2-3

1. market in which goods are services are sold illegally
6. gross domestic product on a per person basis can be expressed in current or constant dollars
7. fundamental restructuring of the soviet economy policy introduced by gorbachev
8. entering into an activity
12. conversion of state owned factories and other property to private ownership
14. number of people per square mile of land area
15. central planning authority in the former soviet union that devised and directed five- year plan
16. china's second five year plan begun in 1958 which forced collectivization of agriculture and rapid industrialization
17. comprehensive centralized economic plan used by the soviet union and china to coordinate development of agriculture and industry

2. independently owned group of japanese firms joined and govenered by an external board of directors in order to regulate competition
3. shift of an economy or part of an economy from private ownership to government ownership
4. forced common ownership of factors of production used in the former soviet union in agriculture and manufacturing
5. independent polish labor union founded in 1980 by leah welesa
9. established in 1993 by the maastricht treaty its 28 member countries make it the largest single unifed market in the world in terms of population
10. national policy of avoiding international alliances ad economic interactions
11. requiring large amount of capital in relation to labor
13. certificates that could be used to purchase government owned property during privatization