# Private ownership # individual initiative, # profit # competition
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It is true that because of the system of free enterprises, citizens enjoy many advantages. Free enterprise is also known as capitalism. It is an economic system where the individuals in the economy have the freedom to create business with little government intervention.
undermined the free enterprise system
As Smith had predicted,the countries with free enterprise systems grew rich and powerful.
It depends on what free enterprise you are looking at. Tariffs generally promote free enterprise within the nation, while hurting foreign companies. The modern free market is a global network of interconnecting business interests so modern tariff use hurts free enterprise as we now understand it. In the past, economies were much more localized, so high tariffs did not have as great an effect on the free enterprise of other countries and people didn't care whether or not that happened anyway.
Enforcing legal regulations to keep employees safe Yw