asked 215k views
4 votes
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

asked
User NJones
by
8.5k points

1 Answer

4 votes
it is called a voluntary exchange
answered
User Kaspnord
by
8.1k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.