Created in 1834, Zollverein was an economic organization by German termed as a customs union under Prussian leadership. Numerous German states joined forces to create a free trade zone and establish customs tariffs against third countries.

What is Free Enterprise System? Free enterprises system is an economic system that believes in the efficacy of the interplay of market forces of demand and supply in the allocation and distribution of scarce societal resources. Free enterprise economic system believes in the right of individuals to-own any property through legal...