When comparing a socialist system with a capitalist system, what would be one difference of the socialist system?
A) a smaller role for the government
B) a greater incentive for entrepreneurs to start new businesses
C) more taxpayer-subsidized social programs
D) more emphasis on economic growth

Question

Quizplus · Accepted Answer

Socialism typically involves greater government involvement in the economy, including the provision of social programs paid for by taxpayers. Capitalism, on the other hand, emphasizes the role of the market in determining economic outcomes, with less government interference. Therefore, the presence of more taxpayer-subsidized social programs would be a distinguishing feature of a socialist system. Options A, B, and D all describe characteristics of a capitalist system.

When Comparing a Socialist System with a Capitalist System, What