Question

Which of the following best summarize the difference between a free enterprise (capitalist) economy and a socialist (communist) economy?In a free enterprise or capitalist economy, consumers have fewer choices of products to buy.
In a free enterprise or capitalist economy, the government controls prices.

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

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

Three of the five statements are wrong.

Answer 2

I accidentally stole your name. Oops. I am only in6th grade so I don't know the answers. I just came to apologize don't @ me.

Answer 3

So is anyone going to help?