Across
- 3. (of state-owned factories and other property to private ownership)
- 6. (independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition)
- 8. (comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture and industry)
- 9. (economic system in which private citizens own and use the factors of production in order to generate profits)
- 10. economy (economic system in which the allocation of scarce resources, and other economic activity, is the result of ritual, habit, or custom)
- 13. (fundamental restructuring of the Soviet economy; policy introduced by Gorbachev)
- 14. (forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing)
- 16. (gross domestic product on a per person basis; can be expressed in current or constant dollars)
- 18. (central planning authority in the former Soviet Union that devised and directed Five-Year Plans)
- 19. (economic system that has some combination of traditional, command, and market economies; also see modified free enterprise economy)
- 20. (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)
- 21. (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)
- 22. (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)
- 23. (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)
- 25. (number of people per square mile of land area)
Down
- 1. (requiring large amounts of capital in relation to labor.)
- 2. economy (economic system characterized by a central authority that makes most of the major economic decisions)
- 4. (certificates that could be used to purchase government-owned property during privatization)
- 5. (China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization)
- 7. (shift of an economy, or part of an economy, from private ownership to government ownership)
- 11. (worst period of economic decline in U.S. history, lasting from approximately 1929 to 1939)
- 12. (independent Polish labor union founded in 1980 by Lech Walesa)
- 15. (market in which goods and services are sold illegally)
- 17. systems (organized way a society provides for the wants and needs of its people)
- 24. (economic system in which government owns some factors of production and has a role in determining what and how goods are produced)