Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.

Name: Free-market economies tend to levy high taxes on business profits whereas socialist economic systems normally levy lighter taxes.
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This statement is false. Socialist economic systems typically have higher taxes to fund social programs and services, while free-market economies often have lower taxes to incentivize business growth and investment.

Free-Market Economies Tend to Levy High Taxes on Business Profits