Which of the following best summarize the difference between a free enterprise economy and a socialist economy?

A. In a free enterprise or capitalist economy, consumers have fewer choices of products to buy.

B. In a socialist or communist economy, there are no government regulations.

C. In a free enterprise or capitalist economy, the government controls prices.

D. In a free enterprise or capitalist economy, private individuals own most businesses. In a socialist or communist economy, the government regulates and owns most businesses.

Question

Maximus Howell

History

22 July, 06:54

Which of the following best summarize the difference between a free enterprise economy and a socialist economy?

A. In a free enterprise or capitalist economy, consumers have fewer choices of products to buy.

B. In a socialist or communist economy, there are no government regulations.

C. In a free enterprise or capitalist economy, the government controls prices.

D. In a free enterprise or capitalist economy, private individuals own most businesses. In a socialist or communist economy, the government regulates and owns most businesses.

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Answers (2)

Know the Answer?

Joey Berry · Answer 1

D. In a free enterprise or capitalist economy, private individuals own most businesses. In a socialist or communist economy, the government regulates and owns most businesses. I believe?

Miles Ford · Answer 2

The answer is D. In a free enterprise or capitalist economy, private individuals own most businesses. In a socialist or community economy, the government regulates and owns most businesses.