Solved

Which of the Following Is a Major Distinguishing Feature Between

Question 31

Multiple Choice

Which of the following is a major distinguishing feature between capitalist and socialist (or command) economies?  


A)  Under capitalism the average citizen is always wealthier than in socialist economies. 
B)  Decision making is typically decentralized in socialist economies and is centralized in capitalist economies. 
C)  Resources are publicly owned in capitalist economies. 
D)  Decision making is typically decentralized under capitalism while it is centralized in command economies.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions