Question

Which of the following correctly compares capitalism, socialism, and communism?

Capitalism values society collectively, while socialism and communism value the market and the individual.

Capitalism values the market and the individual, while socialism and communism value society collectively.

Capitalism seeks to redistribute wealth, while socialism and communism seek to limit the role of government in economic affairs.

Capitalism seeks to limit the role of government in economic affairs, while socialism and communism reject the idea of wealth redistribution.

Answer 1

B. Capitalism values the market and the individual, while socialism and communism value society collectively.