The basis of the American economy is a capitalistic environment in which people have a free market to encourage competition and prevent complete control over any one industry. The basis for any persons economy is trade and a free market in which they can buy and they can sell.
Oh. Yeahqm the basis of the amemerican economy is a capitalistic environment in which people have a free market to encourage competition and prevent complete control over any one industry also the basis for any persons economy is a trade and a free market in which they can buy and also they can sell
The Declaration proclaimed that the former Thirteen Colonies then at war with Great Britain were now a sovereign, independent nation and thus no longer a part of the British Empire.