Question

in terms of production, what best describes the difference between capitalism and socialism?
capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.
capitalism is a system in which the government controls production, but socialism stresses production by private businesses.
capitalism is a system in which people pursue their own self - interests, but socialism stresses an equal distribution of wealth.
capitalism is a system in which government should \plan\ the economy, but socialism stresses that free market dictates production.

Explanation:

In capitalism, private - owned businesses drive production. In socialism, the government has a significant role in controlling production. The third option focuses on self - interest and wealth distribution rather than production. The fourth option has the economic control concepts reversed for capitalism and socialism.

Answer:

A. Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.