Which of the Following Statements Provides the Most Accurate Comparison

question 222

Multiple Choice

Which of the following statements provides the most accurate comparison of socialism and communism?

• A) Under socialism, the government owns most businesses, while under communism the church owns most businesses.
• B) Both socialism and communism want to achieve a more equal distribution of income and wealth, but under communism, the government takes more control over people's lives.
• C) Socialism strives for an equal distribution of income but communism wants income to go primarily to those who own and operate private businesses.
• D) Communism believes that the government should always strive to balance its budget, while socialism accepts deficit spending as the price of achieving true equality.

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Definitions:

Command Economy

An economic system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which goods are offered for sale.

Public Interest

The welfare or well-being of the general public, often considered a guiding principle for governmental policy or action.

Capital Suppliers

Entities or individuals that provide funds or resources for businesses to invest in production, expansion, or development activities.

Payments

Transactions or transfers of money in exchange for goods or services, or to fulfill a legal obligation.