What is the main difference between socialism and capitalism?
A. who organizes and represents the Church
B. the number of people in the lower classes
C. the number of people in the upper classes
D. who owns and operates the means of production and distribution
Capitalism and socialism are formal economies. The major differences between capitalism and socialism revolve around the role of the government and equality of economics. Capitalism affords economic freedom, consumer choice, and economic growth.
