One of the fundamental differences between a capitalist and a socialist economy is that while?
-
A.
the former is characterized by complete government ownership of resources, the latter characterized by complete private ownership -
B.
in the former, prices act as signals in the allocation of resources, it is central authority that performs this function in the letter -
C.
taxes are levied in a capitalist economy, there is no taxation in a capitalist economy -
D.
income and wealth are equally distributed in the socialist economy, this is not so in a capitalist economy