ch 2-3

2. forced common ownership of factors of production, used in the former soviet union in agriculture and manufacturing
6. per capita- gross domestic product on a per person basis, can be expressed in current or constant dollars
10. entering into an activity
14. shift of an economy , or part of an economy, from private ownership ro government ownership
16. independently owned group of japanese firms joined and governed by an external board of directors in order to regulate competition
17. - fundamental restructuring of the soviet economy policy introduced by gorbachev

1. intensive- requiring large amounts of capital in relation to labor
3. certificates that could be used to purchase government- owned property during privatization
4. central planning authority in the former soviet union that devised and directed five year plans
5. national policy of avoiding international alliances and economic interactions
7. density- number of people per square mile of land area
8. year plan- comprehensive, centralized economic plan used by the soviet union and china to coordinate development of agriculture and industry
9. conversion of state- owned factories and other property to private ownership
11. leap forward - china’s second five year plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
12. market - market in which goods and services are sold illegally
13. independent polish labor union founded in 1980 by lech walesa
15. union- established in 1993 by the maastricht treaty, its 28 member countries make it the larges single unified market in the world in terms of population and output