<span>Adam Smith's writings came to represent an economic system known as laissez-faire. This was the precursor to capitalism in the sense that the economy was governed by the invisible hands of supply and demand. Naturally, the supply and demand are affected and altered by buyers and sellers. So sellers would try to maximize their profit while competing with other sellers for business. Buyers would try to buy the BEST material without spending an arm and a leg. These cycles gave rise to the development of the more complex entity of capitalism. It also resulted in the polar opposite of economic socialis . i hope it helps</span>
Federalism is a mix or compound mode of government that combines a general government with regional governments in a single political system is distinctive feature first embodied in the constitution of the United States of 1789, it’s a relationship of parity between the two levels of government established a can thirst be defined as a form of government in which powers are divided between two levels of government of equal status
To prevent the spread of communism.
