Ch 2-3 Vocab

2. independent Polish labor union founded in 1980 by Lech Walesa
3. conversion of state-owned factories
5. market in which goods and services are sold illegally
8. national policy of avoiding international alliances and economic interactions
10. independently owned group of Japanese firms joined
11. established in 1993 by the Maastricht Treaty, its 28 member countries
14. gross domestic product on a per person basis
16. forced common ownership of factors of production

1. A plan to coordinate development of agriculture and industry
3. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
4. shift of an economy, or part of an economy, from private ownership to government ownership
6. entering into an activity
7. number of people per square mile of land area
9. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
12. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
13. requiring large amounts of capital in relation to labor
15. certificates that could be used to purchase government-owned property during privatization