What usually distinguishes socialist economies from communist economies?

Question

(1 point)
• In socialist economies, businesses make most of the economic decisions.
• In communist economies, people are also ruled by authoritarian regimes.
In socialist economies, businesses own the means of production.
In communist economies, people are encouraged to own private property.
• In socialist economies, goods and services are distributed equally.

Answer 1

In socialist economies, businesses own the means of production.