Which of the following is a difference between a socialist economic system and a communist economic system?
A) A socialist economic system has lower taxes, whereas a communist economic system has higher taxes.
B) A socialist economic system mandates that the government run and own virtually all enterprises, whereas a communist economic system mandates that the government run key enterprises that affect public welfare.
C) A socialist economic system is politically totalitarian, whereas a communist economic system is not.
D) A socialist economic system mandates that the government run key enterprises that affect public welfare, whereas a communist economic system mandates that the government run and own virtually all enterprises.

Question

Quizplus · Accepted Answer

The main difference between a socialist economic system and a communist economic system is their approach towards ownership of enterprises. In a socialist system, key enterprises that affect the public welfare are run by the government, while in a communist system, the government runs and owns virtually all enterprises. Therefore, option D is the correct choice. Option A is incorrect because taxation policies do not distinguish between socialist and communist systems. Option B is a close contender, but the distinction between "virtually all" and "key" enterprises makes D the better choice. Option C is incorrect because both systems have the potential to be politically totalitarian, and this aspect does not distinguish between the two systems.

Which of the Following Is a Difference Between a Socialist