Question

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.

Answer 1

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.

Answer 2

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 ?

Step-by-step explanation: