Across
- 2. economic and political system in which factors of production are collectively owned and directed by the state; a theoretically classless society in which everyone works for the common good
- 5. worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939
- 7. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
- 8. centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
- 10. organized way a society provides for the wants and needs of its people
- 16. economic system which government owns some factors of production and has a role in determining what and how goods are produced
- 18. successor of the European Coal and Steel Community established in 1993 by the Maastricht Treaty
- 21. China's second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
- 23. independent Polish labor union founded in 1980 by Lech Walesa
- 24. economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy
- 25. conversion of state-owned factories and other property to private ownership
- 26. gross domestic product on a per person basis: can be expressed in current or constant dollars
Down
- 1. number of people per square mile of land area
- 3. economic system characterized by a central authority that makes most of the major economic decisions
- 4. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
- 6. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
- 9. economic system in which the allocation of scare resources, and other economic activity is the result of ritual, habit, or custom
- 11. economic system in which private citizens own and use the factors of production in order to generate profits
- 12. production process requiring large amounts of capital in relation to labor
- 13. market in which goods and services are sold illegally
- 14. centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
- 15. meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product; may be local regional, national, or global
- 17. shift of an economy, or part of an economy, from private ownership to government ownership
- 19. certificates that could be used to purchase government-owned property during privatization
- 20. economic system in which supply, demand, and the price system help people allocate resources and make the what, how, and for whom to produce decisions, same as free enterprise economy
- 22. fundamental restricting of the Soviet economy; policy introduced by Gorbachev