Question

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.
capitalism is a system in which the government controls production, but socialism stresses production by private businesses.
capitalism is a system in which people pursue their own self - interests, but socialism stresses an equal distribution of wealth.
capitalism is a system in which government should \plan\ the economy, but socialism stresses that free market dictates production.

Explanation:

Capitalism is an economic system where private businesses own and operate the means of production. Socialism, on the other hand, emphasizes government control over production to ensure more equitable distribution and social welfare. The third option is about self - interest and wealth distribution (not directly production). The second and fourth options have incorrect attributions (government control is not capitalism's main production characteristic in the way described, and free - market dictating production is more capitalist).

Answer:

Capitalism is a system in which goods are made by private businesses, but socialism stresses government control over production.