ch 2-3 vocab

5. entering into an activity
9. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
10. national policy of avoiding international alliances and economic interactions
11. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
13. in which goods and services are sold illegally
16. number of people per square mile of land area
17. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry

1. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
2. shift of an economy, or part of an economy, from private ownership to government ownership
3. 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
4. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
6. gross domestic product on a per person basis; can be expressed in current or constant dollar
7. certificates that could be used to purchase government-owned property during privatization
8. conversion of state-owned factories and other property to private ownership
12. independent Polish labor union founded in 1980 by Lech Walesa
14. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
15. requiring large amounts of capital in relation to labor.