Which of the following correctly compares capitalism, socialism, and communism?

A. Capitalism values society collectively, while socialism and communism value the market and the individual.

B. Capitalism values the market and the individual, while socialism and communism value society collectively.

C. Capitalism seeks to redistribute wealth, while socialism and communism seek to limit the role of government in economic affairs.

D. Capitalism seeks to limit the role of government in economic affairs, while socialism and communism reject the idea of wealth distribution.

Question

Social Studies

Cheeto

18 April, 09:13

Which of the following correctly compares capitalism, socialism, and communism?

A. Capitalism values society collectively, while socialism and communism value the market and the individual.

B. Capitalism values the market and the individual, while socialism and communism value society collectively.

C. Capitalism seeks to redistribute wealth, while socialism and communism seek to limit the role of government in economic affairs.

D. Capitalism seeks to limit the role of government in economic affairs, while socialism and communism reject the idea of wealth distribution.

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Answers (1)

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Lisa Le · Answer 1

To illustrate, in order to distribute one prize or another, one could distribute the prizes equally. You could also hold a competition, and whoever excels acquires whatever goods are being distributed. Socialism and communism (communism being a more refined type of socialism) are at play when the goods are distributed evenly in the first part of the analogy above. In the second part of the illustration, where a competition is held, capitalism is at play. So the answer is B.