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Which of these statements explain the difference between capitalism and socialism quizlet?In terms of production, what best describes the difference between capitalism and socialism? Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.
Which of the following statements is true about socialist economy quizlet?Which of the following statements about a socialist economic system is true? The government owns or controls the major industries.
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Which of the following statements about the economic character of socialism and capitalism is correct quizlet?
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