Ch 2-3 Vocab Economics

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Across
  1. 2. gross domestic product on a per person basis
  2. 5. shift of an economy, or part of an economy, from private ownership to government ownership
  3. 7. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  4. 10. a policy of remaining apart from the affairs or interests of other groups, especially the political affairs of other countries
  5. 11. market in which goods and services are sold illegally
  6. 12. requiring large amounts of capital in relation to labor.
  7. 15. established in 1993 by the Maastricht Treaty
  8. 16. entering into an activity
  9. 17. independent Polish labor union founded in 1980 by Lech Walesa
Down
  1. 1. number of people per square mile of land area
  2. 3. forced common ownership of factors of production
  3. 4. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
  4. 6. conversion of state-owned factories and other property to private ownership
  5. 8. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  6. 9. fundamental restructuring of the Soviet economy
  7. 13. certificates that could be used to purchase government-owned property during privatization
  8. 14. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization