The key difference between pure capitalist economies and pure socialist economies is that ______.

Question

Quizplus · Accepted Answer

In pure capitalist economies, markets and the forces of supply and demand determine economic decisions, while in pure socialist economies, the government controls economic decisions. Politicians may still play a role in capitalist economies, but the market has the final say in economic decisions. The government in socialist economies plays a more prominent role as it is responsible for control and allocation of resources.

The Key Difference Between Pure Capitalist Economies and Pure Socialist