12. capitalism is: \na. a perfect market system, where the supply and demand determine prices, keeping…

12. capitalism is: \na. a perfect market system, where the supply and demand determine prices, keeping businesses and industries honest.\nb. the economic system for which all countries operate and conduct commerce and trade.\nc. what keeps the supply of goods and services high and prices low.\nd. reflects how our countries and states determine where the governments main buildings, offices and business takes place.

12. capitalism is: \na. a perfect market system, where the supply and demand determine prices, keeping businesses and industries honest.\nb. the economic system for which all countries operate and conduct commerce and trade.\nc. what keeps the supply of goods and services high and prices low.\nd. reflects how our countries and states determine where the governments main buildings, offices and business takes place.

Answer

Brief Explanations:

Capitalism is an economic system where supply - and - demand determine prices. It is not a perfect market system as it has flaws like monopolies. Not all countries operate under capitalism. It is mainly about economic production and exchange, not about the location of government buildings. The idea that it keeps supply high and prices low is an oversimplification as market failures can occur. But the most accurate description among the options is that it is an economic system where supply and demand determine prices.

Answer:

a. A perfect market system, where the supply and demand determine prices, keeping businesses and industries honest.