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Economics
MEDIUM
ENGLISH
Economics
The essential difference between capitalism and socialism is that ?
A
capitalism exploits the worker and socialism exploits the property owner
Option A
capitalism relies on the market to make economic decisions and socialism uses central planning
Correct answer
C
capitalism grows through rent seeking and socialism grows through government direction
Option C
D
capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
Option D
Correct answer: B
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