Ch 2.3 Global Transition to Capitalism Vocabulary

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Across
  1. 5. shift of an economy, or part of an economy, from private to government ownership
  2. 7. conversion of state-owned factories and other property to private ownership
  3. 8. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  4. 10. forced common ownership of factors of production
  5. 11. certificates that could be used to purchase government owned property during privatization
  6. 12. fundamental restructuring of the Soviet economy intoduced by Gorbachev
  7. 13. market in which goods and services are sold illegally
Down
  1. 1. gross domestic product on a per person basis
  2. 2. central planning authority in the former Soviet Union
  3. 3. ...Forward; China's second Five-Year-Plan which forced collectivization of agriculture and rapid industrialization
  4. 4. independed Polish labor union founded in 1980 by Lech Walesa
  5. 6. production process requiring large amounts of capital in relation to labor
  6. 9. political and economic confedation of 27 member states established in 1993