Ch 2-3 vocab

2. certificates that could be used to purchase government-owned property during privatization
8. in which goods and services are sold illegally
10. shift of an economy, or part of an economy, from private ownership to government ownership Solidarity independent Polish labor union founded in 1980 by Lech Walesa
12. entering into an activity
14. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
15. national policy of avoiding international alliances and economic interactions
16. the association of European nations created in 1993 to develop a single market with full economic and political cooperation

1. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev.
3. number of people per square mile of land area
4. planning authority in the former Soviet Union that devised and directed Five-Year Plans
5. conversion of state-owned factories and other property to private ownership.
6. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
7. requiring large amounts of capital in relation to labor.
9. gross domestic product on a per person basis; can be expressed in current or constant dollars.
11. The role of the keiretsu is to ensure that competition does not threaten individual firms
13. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry