📚 Learning Guide
Capitalism vs. Socialism
easy

In which economic system is government intervention most likely to occur to regulate the economy?

Master this concept with our detailed explanation and step-by-step learning approach

Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
Explore Topic

Choose the Best Answer

A

Capitalism

B

Socialism

C

Free Market

D

Mixed Economy

Understanding the Answer

Let's break down why this is correct

Answer

In a socialist economic system, government intervention is most likely to occur to regulate the economy. This is because socialism emphasizes the idea that the government should play a key role in managing resources and ensuring that wealth is distributed more evenly among people. For example, in a socialist system, the government might control major industries like healthcare or education to make sure everyone has access to these essential services, regardless of their income. In contrast, capitalism relies more on free markets and individual choices, so there is less direct government control. Overall, socialism aims to reduce inequalities and provide for the welfare of all citizens through government action.

Detailed Explanation

In socialism, the government plays a big role in the economy. Other options are incorrect because Some think capitalism means no government at all; A free market suggests no government control.

Key Concepts

government intervention
Topic

Capitalism vs. Socialism

Difficulty

easy level question

Cognitive Level

understand

Ready to Master More Topics?

Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.