how did adam smiths economic ideas help the united states establish a free enterprise system? check all that…

how did adam smiths economic ideas help the united states establish a free enterprise system? check all that apply. they led to freedom of choice for consumers and producers. they led to fixed prices for consumers and producers. they led to open competition for consumers. they led to individual ownership of property. they led to more government spending and increased demand. they led to limited choice and communal ownership of property.

how did adam smiths economic ideas help the united states establish a free enterprise system? check all that apply. they led to freedom of choice for consumers and producers. they led to fixed prices for consumers and producers. they led to open competition for consumers. they led to individual ownership of property. they led to more government spending and increased demand. they led to limited choice and communal ownership of property.

Answer

Brief Explanations:

Adam Smith's ideas emphasized free - market principles. Freedom of choice for consumers and producers is a key aspect of free enterprise. Open competition is also fundamental. Individual ownership of property supports the free - enterprise system. Fixed prices go against free - market forces. More government spending and increased demand are not direct results of Smith's free - market ideas. Limited choice and communal ownership are contrary to free - enterprise concepts.

Answer:

They led to freedom of choice for consumers and producers. They led to open competition for consumers. They led to individual ownership of property.