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19 March, 07:16

Capitalism differs from Socialism in that:

a. Capitalism has inflation and Socialism does not.

c. Capitalism engages in centralized planning whereas Socialism does not.

b. Capitalism is subject to long periods of price deflation while Socialism has long periods of inflation.

d. under Capitalism ownership of resources is allowed by individuals whereas under Socialism resources are owned only by the government.

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  1. 19 March, 10:30
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    The correct answer is letter D. Capitalism differs from Socialism in that under Capitalism ownership of resources is allowed by individuals whereas under Socialism resources are owned only by the government. There is more economic freedom under Capitalism compared to Socialism.
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