Asked by art nerd
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.
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.
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