Chapter 2-3 Vocab Words

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Across
  1. 4. economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy
  2. 6. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
  3. 8. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  4. 13. shift of an economy, or part of an economy, from private ownership to government ownership
  5. 14. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
  6. 15. conversion of state-owned factories and other property to private ownership
Down
  1. 1. entering into an activity
  2. 2. worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939
  3. 3. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  4. 5. gross domestic product on a per person basis; can be expressed in current or constant dollars
  5. 7. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
  6. 9. national policy of avoiding international alliances and economic interactions
  7. 10. economic and political system in which factors of production are collectively owned and directed by the state
  8. 11. distribution
  9. 12. certificates that could be used to purchase government-owned property during privatization