What is the principal difference between capitalist and socialist ideologies?
A) focus on freedom vs. control
B) focus on money vs. government
C) focus on the individual vs. the collective
D) focus on democracy vs. authority

Question

Quizplus · Accepted Answer

The principal difference between capitalist and socialist ideologies is their focus on the individual and the collective, respectively. Capitalism prioritizes individual freedom and rewards for individual success, while socialism prioritizes the needs and interests of the collective community over the individual. The other options (A, B, and D) are not fully accurate or nuanced enough to capture the core difference between the two ideologies.

What Is the Principal Difference Between Capitalist and Socialist Ideologies