Question

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.

Explanation:

Adam Smith's economic ideas emphasized free - market principles. Freedom of choice for consumers and producers is a key aspect of a free enterprise system as it allows for the natural flow of supply and demand. Open competition is also a cornerstone, as it drives efficiency and innovation. Individual ownership of property is important as it gives individuals the incentive to invest and produce. Fixed prices (contrary to market - determined prices), more government spending (Smith advocated for limited government intervention), and communal ownership (opposite of individual ownership) are not in line with Smith's ideas.

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.