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

question 173

Multiple Choice

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

• A)under capitalism the average citizen is always wealthier than in socialist economies
• B)decision making is typically decentralized in socialist economies and is centralized in capitalist economies
• C)socialist countries all have red flags and capitalistic economies do not
• D)resources are publicly owned in capitalist economies
• E)decision making is typically decentralized under capitalism while it is centralized in command economies

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