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