The essential difference between capitalism and socialism is that ?
A. capitalism exploits the worker and socialism exploits the property owner
B. capitalism relies on the market to make economic decisions and socialism uses central planning
C. capitalism grows through rent seeking and socialism grows through government direction
D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
The essential difference between capitalism and socialism is that ? Read More »
Economics Mcqs, Theories of Economic Development