A free enterprise system is based on four key tenets which are private property rights, profit motive, equal individual rights and unrestricted competition. Property rights assure individuals that their property will not be confiscated by the state. The profit motive leads to competition which results in increased productivity
Answer:
<em>Applied Sociology </em>
Explanation:
<em>Applied sociology: </em>The term applied sociology is referred to as one of the branches in sociology that are being defined as using or utilizing the sociological skills, theory, research, and methods to the find-out solution of specific issues related to real-world settings. It uses ways to utilize scientific knowledge for solving practical problems.
<em>The above statement given in the question signifies the applied sociology.</em>
