Question

What makes capitalism different from socialism?

A. capitalism involves government regulation, but socialism is based on a free market

B. capitalism creates a homogenous society, but socialism creates social stratification

C. capitalism controls the rate of unemployment but socialism allows it to rise and fall

D. capitalism focuses on profit but socialism focuses on equity

Answer 1

D

In a socialist economy, the government owns and controls the means of production; personal property is sometimes allowed, but only in the form of consumer goods.

This creates equallity for the people

Definition of capitalisim
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.