A Major Distinguishing Feature Between Capitalist and Socialist (Or Command)

question 200

Multiple Choice

A major distinguishing feature between capitalist and socialist (or command) economies is that _____

• A) the average citizen is wealthy in capitalist economies, whereas the average citizen is poor in socialist economies.
• B) decision making is decentralized in socialist economies, while decision making is centralized in capitalist economies.
• C) resources are privately owned in capitalist economies, whereas private property rights are enforced in command economies.
• D) resources are publicly owned in capitalist economies, whereas resources are privately owned in command economies.
• E) decision making is decentralized under capitalism, while decision making is centralized in command economies.

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Definitions:

Personality Disorder

A type of mental disorder characterized by unhealthy pattern of thinking, functioning, and behaving, differing significantly from cultural norms.

Rigid

Lacking flexibility or the ability to bend, often referring to materials, structures, or attitudes that are inflexible or unyielding.

Inflexible

Lacking flexibility; unable to change or be adapted to different circumstances.

Interactions

The processes by which entities or individuals influence or communicate with each other, impacting behaviors, feelings, or thoughts.