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 often has a significant role in controlling production. Option A correctly reflects this difference in terms of production.

Answer:

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