Which of the following statements provides the most accurate comparison of socialism and communism?
A) Under socialism, the government owns most businesses, while under communism the church owns most businesses.
B) Both socialism and communism want to achieve a more equal distribution of income and wealth, but under communism, the government takes more control over people's lives.
C) Socialism strives for an equal distribution of income but communism wants income to go primarily to those who own and operate private businesses.
D) Communism believes that the government should always strive to balance its budget, while socialism accepts deficit spending as the price of achieving true equality.

Question

Quizplus · Accepted Answer

Socialism and communism both aim to create a more equal society, but communism emphasizes a stronger role for the government in controlling all aspects of citizens' lives, including the economy. Under communism, the government owns all businesses and properties, while under socialism, the government may own some businesses and industries, but there is still room for private ownership and enterprise. Therefore, choice B is the most accurate comparison. Choices A, C, and D are incorrect because they contain inaccurate or misleading information about socialism and communism.

Which of the Following Statements Provides the Most Accurate Comparison