Question

How did Adam Smith’s economic ideas help the United States establish a free enterprise system? Check all that apply.

Answer 1

Answer: They led to the freedom of choice for consumers and producers

They led to open competition for consumers

They led to individual ownership of property

Explanation: took the test got it right

Answer 2

The Scottish philosophist and economist who is also known as the father of Economics or capitalism gave many influential economic policies that and that lead to the betterment of consumers and producers.

Step-by-step explanation:

His Policies gave the freedom to consumers and producers to choose what they need. His policies brought competition to consumers and gave individual possession of property to those who needed it.

This lead to better running of market and improvement of goods for both producer and consumer.