What would be different in a socialist system when compared to capitalism?
A)a smaller role for the government
B)a greater incentive for entrepreneurs to start new businesses
C)more taxpayer-subsidized social programs intended to promote a more equal distribution of wealth
D)more emphasis on economic growth and a higher standard of living for the typical household

Question

Quizplus · Accepted Answer

In a socialist system, the government typically plays a larger role in providing and funding social programs intended to promote a more equal distribution of wealth. This includes programs such as universal healthcare, free education, and subsidized housing. There may be less emphasis on economic growth and more focus on ensuring basic needs are met for all members of society. Entrepreneurs may still exist in a socialist system, but there may be less incentive for profit-driven businesses as the government may have more control over certain industries.

What Would Be Different in a Socialist System When Compared