Which of the following are true regarding the comparison of capitalism and socialism as systems of economic organization? There is little to no evidence to suggest one type of economic organization is superior to the other. Capitalism relies on central planning, which is always more efficient than when people are allowed to make decisions for themselves. Socialist economies tend to produce higher living standards than capitalist economies. Capitalism relies on a system of private property rights and voluntary exchange that results in a more efficient allocation of resources than the central planning conducted by socialist economies.