Question

the main difference between free market capitalism and crony capitalism: A. crony capitalism is only about greed. B.crony used the state to achieve the goals, market is based on volunteer cooperation. C.free market used incentives for goals, while government never uses incentives to reach its goals. D. crony uses cooperations, conscious uses small shops. E.all of the above.

Answer 1

Free market capitalism indicates a system in which government acts as transparent facilitator of business by providing level playing field to all involved and where people engage with each other in trade and commerce in volunteer cooperation.

On the other hand, crony capitalism is a system in which government supports few businesses and create regulations to stifle competition and create favorable business environment for few favorable businesses thereby blocking volunteer cooperation.

So,

The main difference between free market capitalism and crony capitalism is that crony used the state to achieve the goals, market is based on volunteer cooperation.

Hence, the correct answer is the option (B).