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 fair prices for goods are determined in a capitalist system.

Adam smith believed thin terms of production, what best describes the difference between capitalism and socialism?
a.through competition between businesses.
b. by government regulation of businesses.
c. setting limits on imports and exports.
d.through competition between consumers.