Across
- 2. Worst period of economic decline in US history, lasting from about 1929-1939.
- 5. Market in which goods and services are sold illegally.
- 6. Economic system characterized by a central authority that makes most of the major economic decisions.
- 8. Gross domestic product on a per person basis; can be expressed in current or constant dollars.
- 10. China's second Five-Year Plan, began in 1958, which forced collectivization of agriculture and rapid industrialization.
- 13. Economic system that ha some combination of traditional, command, and market economies; also see modified free enterprise economy.
- 14. Organized way a society provides for the wants and needs of its people.
- 15. Independent Polish labor union, founded in 1980 by Lech Walesa.
- 16. Meeting place or arrangement through which buyers and sellers interact to determine price and quantity of an economic product; local, regional, national, or global.
- 18. Economic system in which government owns some factors of production and has a role in determining what and how goods are produced.
- 20. Economic system in which private citizens own and use the factors of production to generate profit.
- 21. Independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition.
- 22. Number of people per square mile of land area.
- 23. Successor of the European Coal and Steel Community established in 1993 by the Maastricht Treaty.
- 24. Certificates that could be used to purchase government-owned property during privatization.
Down
- 1. Economic system in which supply, demand, and the price system help people allocation resources and make the what, how, and for whom to produce decision; same as free enterprise economy.
- 3. Shift of an economy, or part of an economy, from private ownership to government ownership.
- 4. Comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry.
- 7. Central planning authority in the former Soviet Union that devised and directed Five-Year Plans.
- 9. Conversion of state-owned factories and other property to private ownership.
- 11. Forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing.
- 12. Fundamental restructuring of the Soviet economy; policy introduced by Garbachev.
- 17. Economic system in which the allocation of scarce resources and other economic activity is the result of ritual, habit, or custom.
- 19. 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.