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20 April, 09:06

What is the difference between a free enterprise economy and a socialist economy?

A.

In a free enterprise economy, the government controls prices.

B.

In a socialist economy, there are no government regulations.

C.

In a free enterprise economy, consumers have fewer choices of products to buy.

D.

In a socialist economy, there are more government regulations.

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Answers (1)
  1. 20 April, 12:49
    0
    The capitalist economic model allows free market conditions to drive. socialist economic models allow individual ownership of enterprise and property, albeit with high taxes and stringent government controls. so im going to say A.
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