Question

question 13 of 20
how is socialism different from capitalism?

a. socialist countries are led by dictators, while capitalist countries
are led by elected officials.

b. socialism involves government regulation of industry, while
capitalism is based on private control.

c. socialism has produced more favorable conditions for workers,
but capitalism has oppressed workers.

d. socialist countries promote fascism, while capitalist countries
promote totalitarianism.

Explanation:

• Option A is incorrect because socialist systems can have elected leaders, and capitalist systems can have authoritarian leaders; this is not a defining difference.
• Option B correctly identifies a core distinction: socialism centers on public/government oversight or ownership of key industries and resources, while capitalism prioritizes private ownership and control of the means of production with minimal state interference.
• Option C is an overgeneralization; worker conditions vary widely in both systems based on specific policies and contexts, so this is not a definitive difference.
• Option D is factually wrong; neither socialism nor capitalism is inherently tied to fascism or totalitarianism, which are separate political ideologies.

Answer:

B. Socialism involves government regulation of industry, while capitalism is based on private control.