Vocab 2-3

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Across
  1. 1. 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
  2. 6. independent Polish labor union founded in 1980 by Lech Walesa
  3. 7. comprehensive, centralized economic plan used by the Soviet Union and China to coordinate development of agriculture andindustryr
  4. 9. gross domestic product on a per person basis; can be expressed in current or constant dollars
  5. 10. requiring large amounts of capital in relation to labor.
  6. 11. entering into an activity
  7. 12. shift of an economy, or part of an economy, from private ownership to government ownership
  8. 13. forced common ownership of factors of production; used in the former Soviet Union in agriculture and manufacturing
  9. 14. conversion of state-owned factories and other property to private ownership
  10. 15. independently owned group of Japanese firms joined and governed by an external board of directors in order to regulate competition
  11. 16. market market in which goods and services are sold illegally
Down
  1. 2. national policy of avoiding international alliances and economic interactions
  2. 3. number of people per square mile of land area
  3. 4. fundamental restructuring of the Soviet economy; policy introduced by Gorbachev
  4. 5. the central authority that devised the plans and directed overall economic activity.
  5. 8. certificates that could be used to purchase government-owned property during privatization
  6. 9. China’s second Five-Year Plan, begun in 1958, which forced collectivization of agriculture and rapid industrialization