ch 2-3

6. requiring large amounts of capital in relation to labor.
9. conversion of state-owned factories and other property to private ownership
11. shift of an economy, or part of an economy, from private ownership to government ownership
13. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing

1. gross domestic product on a per person basis; can be expressed in current or constant dollars
2. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
3. national policy of avoiding international alliances and economic interactions
4. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
5. entering into an activity
7. established in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
8. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
10. number of people per square mile of land area
12. market in which goods and services are sold illegally