In 1776 with an inquiry into the nature and causes of the wealth of nations, adam smith challenged the prevailing belief in mercantilist policies. the characteristic of capitalism that buyers and sellers will freely and willingly exchange in market transaction is called

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explanation:

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the federal government of the united states was established by the constitution. us is a presidential republic. the president is head of state, head of government and of a two party legislative and electoral system. the supreme court balances the powers of the federal and the state government. yhe executive branch is headed by the oresident. there are two chambers of congress, the senate and the house of representatives. judicial power is exercised by the judicial branch (or judiciary), comprised of the supreme court and lower federal courts. the judiciary's function is to interpret the   constitution as well as the federal laws and regulations.