3682EconomicsMedium
The essential difference between capitalism and socialism is that?
Acapitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction
Bcapitalism exploits the worker and socialism exploits the property owner
Ccapitalism relies on the market to make economic decisions and socialism uses central planning
Dcapitalism grows through rent seeking and socialism grows through government direction
Correct answer
C. capitalism relies on the market to make economic decisions and socialism uses central planning
Explanation
The correct answer is capitalism relies on the market to make economic decisions and socialism uses central planning.