Which of the following best summarize the difference between a free enterprise economy and a socialist economy?
a. in a free enterprise or capitalist economy, consumers have fewer choices of products to buy.
b. in a socialist or communist economy, there are no government regulations.
c. in a free enterprise or capitalist economy, the government controls prices.
d. in a free enterprise or capitalist economy, private individuals own most businesses. in a socialist or communist economy, the government regulates and owns most businesses.