History

Question

_________ is an economic belief favoring public control of business and equal distribution of wealth in opposition to ________ that is an economic system built around making a profit.
1) A) Communism
    B) Socialism
    C) Capitalism

2) A) Communism
    B) Socialism
    C) Capitalism

2 Answer

  • Socialism goes in the first blank space and capitalism goes in the second blank space.
  • The correct answer is, first blank B) Socialism, second blank, C) Capitalism.

    Socialism is an economic belief favoring public control of businesses and equal distribution of wealth in opposition to Capitalism that is an economic system built around making a profit.

    In Socialist countries, the Government is the owner of the means of production. The government decides what to produce, when to produce, and the prices of the products. Workers have no bonuses or incentives for extra production. In the Capitalist system, free-market decide on supply and demand. Businesses are created to make a profit and workers can be motivated with bonuses and better wages.

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