Ch2 -3

7. forced common ownership of factors of production; used in the former soviet union in agriculture and manufacturing
8. union (EU) successors of the european coal and steel community established in 1993 by the maastricht treaty
11. per capita gross domestic product on a per person basis; can be expressed in current or constant dollars
12. certificates that could be used to purchase government- owned property during privatization
14. conversion of state-owned factories and other property to private ownership
15. - intensive production process requiring large amounts of capital in relation to labor
16. shift of an economy , of part of an economy, from private ownership to government ownership

1. market market in which goods and services are sold illegally
2. central planning authority in the former soviet union that devised and directed five- year plans
3. Leap forward China second five - year plan begun in 1958 , which forced collectivization of agriculture and rapid industrialization
4. of agriculture and industry
5. independently owned group of japanese firms joined and governed by an external board of directors in order to regulate competition
6. - Year plan comprehensive, centralized economic plan used by the soviet union and China to coordin
9. fundamental restructuring of the soviet economy ; policy introduced by Gorbachev
10. density number of people per square mile of land area
13. independent polish labor union founded in 1980 by lech walesa