Question

Which of the following is the best example of a key difference between capitalist and socialist economies.

In capitalistic economies, competition between businesses is kept to a minimum; in socialist economies there is a great deal of competition among businesses

Capitalist economies push for perfect equality between all people; socialist economies encourage a great deal of inequality among people

In capitalist economies, the government doesn't interfere too much with business ownership; in socialist economies the government owns or runs most businesses.

In capitalist economies, religion plays a strong role in all business ownership; in socialist economies religion plays no role in business ownership

Answer 1

The key difference between capitalist and socialist economies is the level of government intervention in business ownership.

Step-by-step explanation:

The key difference between capitalist and socialist economies is that in capitalist economies, the government doesn't interfere too much with business ownership, whereas in socialist economies the government owns or runs most businesses.

Answer 2

Step-by-step explanation:

Capitalism is an economic system whereby monetary goods are owned by individuals or companies, and where workers earn only wages.Socialism is the social and economic doctrine that espouses public over private ownership and control of property and natural resources.