Question

What is the difference between a free enterprise economy and a socialist economy?

A.
In a free enterprise economy, the government controls prices.
B.
In a socialist economy, there are no government regulations.
C.
In a free enterprise economy, consumers have fewer choices of products to buy.
D.
In a socialist economy, there are more government regulations.

Answer 1

The capitalist economic model allows free market conditions to drive . socialist economic models allow individual ownership of enterprise and property, albeit with high taxes and stringent government controls. so im going to say A.