Across
- 4. market market in which goods services are sold illegally
- 7. successor of the european coal and steel community established in 1993 by the maastricht treaty
- 10. economic system in which government owns some factors of production and has a role in determining what and how goods are produced
- 11. conversion of state-owned factories and other property to private ownership
- 12. independent polish labor union founded in 1980 by Lech Walesa
- 13. forced common ownership of factors of production; used in the former soviet union in agriculture and manufacturing
- 14. independantly owned group of japanese firms joined and governed by an external board of directors in order to regulate competition
- 15. economic and political system in which factors of production are collectively owned and directed by the state; a theoretically classles society in which everyone works for the common good
- 16. china’s second five-year plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization
- 17. _____ economy-economic system characterized by a central authority that makes most of the major economic decisions
- 19. central planning authority in the former soviet union that devised and directed five-year plans
- 20. ____ economy- economic system in which the allocation of scarce resources and other economic activity, is the result of ritual, habit, or custom
- 21. comprehensive, centralized economic plan used by the soviet union and china to coordinate development of agriculture and industry
- 22. fundamental restructuring of the soviet economy; policy introduced by gorbachev
- 23. 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; same as free enterprise economy
- 24. certificates that could be used to purchase government-owned property privatization
Down
- 1. economic system in which private citizens own and use teh factors of production in order to generate profits
- 2. shift of an economy, or part of an economy from private ownership to government ownership
- 3. production process requiring large amounts of capital in relation to labor
- 5. number of people per square mile of land area
- 6. 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
- 8. gross domestic product on a per person basis;can be expressed in current or constant constant dollars
- 9. organized way a society provides for the wants and needs of its people
- 18. economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy