The concept of the Khalifah (vicegerent) as a successor is reflected in production where a producer has the authority to ensure all business activities must be Halal (permissible). a market mechanism with minimum government intervention is preferred in Islamic economics. specialization and division of labor take place to enhance efficiency and productivity levels.

The concept of the Khalifah (vicegerent) as a successor is reflected in production where a producer has the authority to ensure all business activities must be Halal (permissible). a market mechanism with minimum government intervention is preferred in Islamic economics. specialization and division of labor take place to enhance efficiency and productivity levels.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter19: The Problem Of Adverse Selection

Section: Chapter Questions

Problem 19.4IP

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