Across
- 2. gross domestic product on a per person basis; can be expressed in current or constant dollars
- 5. worst period of economic decline in US history lasting from 1929 to 1939
- 7. independent polish labor union founded in 1980 by Lech Walesa
- 9. 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; some as free enterprise economy
- 15. fundamental restricting of the Soviet economy; policy introduced by Gornachev
- 17. shift of an economy, or part of an economy, from private ownership to government ownership
- 18. number of people per square mile of land area
- 21. market in which goods and services are sold illegally
- 22. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
- 23. successor of the European Coal and Steel community established in 1993 by Maastricht Treaty
- 24. 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
Down
- 1. independently owned group of Japanese firms joined and governed by external board of directors in order to regulate competition
- 3. economic system that has some combination of tradition, commant, and market economies; see modified free enterprise economy
- 4. the use of scarce resources and nearly all other activity- stems from ritual, habit, or custom
- 5. China's second five-year plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
- 6. comprehensive, centralized economic plan used by the soviet union and China to coordinate development of agriculture and industry
- 8. economic system characterized by a central authority that makes most of the major economic decisions
- 10. 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
- 11. production process requiring large amounts of capital in relation to labor
- 12. certificates that could be used to purchase government-owned property during privatiliziation
- 13. economic system in which private citizens own and use the factors of production in order to generate profits
- 14. central planning authority in the former Soviet Union that devised and directed five year plans
- 16. organized way a society provides for the wants and needs of its people
- 19. forced common ownership of factors of production used in the former Soviet Union in agriculture and manufacturing
- 20. conversion of state-owned factories and other property to private ownership