Question

which of the following best summarize the difference between a free enterprise economy and a socialist economy?
A. In a free enterprise or capitalist economy, consumers have fewer choices of products to buy.
B. In a socialist or communist economy, there are no government regulations.
C. In a free enterprise or capitalist economy, the government controls prices.
D. 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

You know by now how Jiskha works! What do YOU think is correct?

Answer 2

Yes, D.

Answer 3

Thx this really helped