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. Socialism emphasizes government control over production. The first option correctly describes this difference in terms of production. The second option has the control aspects reversed. The third option focuses on self - interest and wealth distribution rather than production. The fourth option has the economic mechanisms of capitalism and socialism reversed in terms of who plans the economy.

Answer:

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