Q: Can Capitalism be classified as a religion? Explain
A: Capitalism is an economic system based on the private ownership of productive assets and their…
Q: Is capitalism humane?
A: Capitalism can be defined as a system which is owned and controlled by the private sector or owners…
Q: What makes Islamic economic system different from socialism and capitalism?
A: An economic system is a collection of rules that regulate how a company operates and makes decisions…
Q: Why should policymakers think about incentives?
A: The incentives refer to the extra income given to the people who had worked for additional hours. In…
Q: Does the economic model or socioeconomic model of social responsibility make more profits? And why?
A: ANS The economic model assumes that society will receive the most benefit when producers are left…
Q: How did capitalism change lives for the better? How did it impact lives negatively? In what ways has…
A: Capitalism: It is defined as the economic system in which factors of production, trade, and industry…
Q: Question 1. What makes Islamic economic system different from socialism and capitalism?
A: Islamic economic system Answer: The objectives of the Islamic economic system is the realization of…
Q: What we can conclude from the Consumption and Islamic Moral Principles in Islamic Economics?
A: Consumption may be defined in a variety of ways, but it is best characterized as an individual's…
Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…
A: Answer in Step 2
Q: Identify the business and economic implications of differences in culture.
A: Cultural differences are the differences in beliefs, culture, language, decisions, and various other…
Q: Why there is a need of an Islamic Economic system
A: An economic system is a system in which resources, goods, and services are allocated to the society…
Q: Use economics to explain why people smoke even though they know smoking is not good to their health?
A: Utility is a term referring to the overall satisfaction obtained from consuming a good or service.
Q: What is the rule of law?
A: It is a concept in which the law is something to be obeyed by everyone either the people or the…
Q: Explain why people would prefer to live in a socialist or a capitalist country?
A: Under capitalism, means of production are owned by private individuals, and decisions about…
Q: What does the law of increasing opportunity cost state?
A: Law of Increasing opportunity cost staes that when the production of a particular product is…
Q: How the government controls the market for a fair economic system in Islamic Economics scope?
A: Islamic economic system is the one that uses Islamic believes in running a business according to…
Q: Explain how Islamic economic system ensures the distribution of goods and services in the economy is…
A: Islamic economic system: It is a theoretical construct of an industrial economy in which the Islamic…
Q: Write a positive statement and a normative statement about your favorite hobby.
A: Positive statements are those statements in which we can answer with 'yes' or 'no' replies, whereas,…
Q: According to Adam Smith who should manage the economy for the nation? Why?
A: An economy refers to the management of the country's money, trade activities, industrial…
Q: Explain the advantages of Islamic economics
A: The core concepts of Islamic economics are taken from the Holy Quran, and are backed up by hadith…
Q: Give an example of something that is an economic good for one person and a financial bad for someone…
A: Financial things are the ones that mainly focus on wealth and its maximization. Economic thing…
Q: What is KAYA Identity?
A: KAYA Identity is used to when any climatic project is undertaken.
Q: What determines the answers to the economic questions under a traditional economy?
A: Traditional economy explain 3 questions which are as:- 1 .what to produce? 2. How to produce? 3. For…
Q: Share your views on the idea that economists make assumptions in order to make the world easier to…
A: Economist use assumption to make complex things into simple. Economics is a social science and…
Q: How did sectarian violence influence the shaping of some parts of the West?
A: The sectarian violence is also known as the sectarian strife and this was inspired from the…
Q: Give an example of a government law or policy that affect individuals’ religious decisions. State…
A: Government law or policy that is likely to affect individuals religious decisions has been…
Q: how may economic problems pose a challenge to social class
A: Economic development challenges are problems or challenges that the economy is facing that are…
Q: Which type of economic system do you support? Why?
A: The mixed economic system, market economic system, and the command economic system are the three…
Q: 27, Charles V demanded the Pope Clement VII call a council to reform the Catholic Church and get rid…
A:
Q: Who owns property in a socialist system?
A: .Socialism is a social and economic theory that advocates public ownership and control of property…
Q: What are the best institutions for achieving economic goals?
A: An institution is a social structure in which people tend to cooperate and also influencing the…
Q: What is legal economy
A: A market where there is a one seller in the market is known as the monopoly. The seller of the…
Q: Present and evaluate the claim that capitalism creates waste and false needs. If the claim is…
A: What is capitalism? Capitalism is a system of economic governance that has arisen in many contexts…
Q: What mechanism Islamic economic system provides to encounter those flaws? Those flaws mean…
A: (a) The Islamic monetary framework is the assortment of rules, qualities and norms of direct that…
Q: Use the theory of the invisible hand to analyze events in everyday life.
A: Answer: The theory of invisible hand is given by the classical economist Adam smith. According to…
Q: Give one merit and one demerit of a socialist economy?
A: A socialist economy is the one in which all the considered legal production and decisions related to…
Q: Apart from society's laws, according to Hobbes, a person's rights are based on ) the laws of God.…
A: Natural rights are the rights that are not dependent on the laws and customs or beliefs of any…
Q: List 5 important of economics
A: Answer: The study of economics enables us to reach the conclusion of a problem on the basis of data…
Q: What does the “invisible hand” of the marketplace do?
A: Invisible hand is the price which brings the equilibrium between the supply and demand. Invisible…
Q: difference between Materialist and Fundamentalist
A: Theory: It refers to a concept or any written or oral knowledge provided to someone. Theory are…
Q: What are the rule of government to achieve moral & value in the economic in scope of Islamic…
A: Meaning of Economics: The term economics refers to the situation under which there remain…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
