Which of the following is a fundamental difference between capitalism and communism?(1 point)

Question

Responses

With communism, local communities make the most important economic decisions.
With communism, local communities make the most important economic decisions.

With capitalism, the public good is put ahead of profit.
With capitalism, the public good is put ahead of profit.

With capitalism, private individuals own the means of production.
With capitalism, private individuals own the means of production.

With communism, the needs of consumers tend to be prioritized.

Answer 1

The correct response highlighting a fundamental difference between capitalism and communism is:

With capitalism, private individuals own the means of production.

In capitalism, private ownership of production is a key characteristic, whereas communism advocates for collective or state ownership of production.