Across
- 2. shift of an economy, or part of an economy, from private ownership to government ownership
- 3. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
- 6. certificates that could be used to purchase government-owned property during privatization
- 8. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
- 10. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
- 16. requiring large amounts of capital in relation to labor.
- 17. entering into an activity.
Down
- 1. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry
- 4. national policy of avoiding international alliances and economic interactions
- 5. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
- 7. number of people per square mile of land area
- 9. the conversion of state-owned factories and other property to private ownership,
- 11. established in 1993 by the Maastricht Treaty, its 28 member countries make it the largest single unified market in the world in terms of population and output
- 12. market in which goods and services are sold illegally
- 13. independent Polish labor union founded in 1980 by Lech Walesa
- 14. central planning authority in the former Soviet Union that devised and directed Five-Year Plans
- 15. is the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in the valuation of output, divided by mid-year population.