What is the foundation of the U.S. economic system?

Answer by  malone (4817)

The U. S. economic system is based on 1) capitalism; 2) free enterprise 3) the indisputable tenet that more money is way better than less money.

Answer by  tamarawilhite (17883)

The foundation of the U. S. economic system is Adam Smith's view of a free market economy, with individual property rights being the paramount foundation of that economy. You cannot have a free market if you are not free to keep what you make or earn.

Answer by  benstrider (8)

The foundation of the US economic system is free market capitalism, that is the ideal of minimal government regulation in the economic decisions of businesses and individuals.