Which characteristic differentiates socialism from capitalism?
A. Socialism is more effective in promoting economic recovery from depression than capitalism is.
B. Socialism is instituted by government leaders, while capitalism comes from demand of the people.
C. Socialism is an informal collection of economic philosophies, while capitalism is a formal practice.
D. Socialism has a much higher level of government control and regulation than capitalism does.
Answer:D
Which characteristic differentiates socialism from capitalism?
A. Socialism is more effective in promoting economic recovery from depression than capitalism is. B. Socialism is instituted by government leaders, while capitalism comes from demand of the people. C. Socialism is an informal collection of economic philosophies, while capitalism is a formal practice. D. Socialism has a much higher level of government control and regulation than capitalism does.