tailieunhanh - ECONOMIC SYSTEMS Human Thoughts vs. Sharia Law

Although this is a free book, it remains the copy righted property of the author, and may not be reproduced, copied and distributed for commercial or non-commercial purposes. If you enjoyed this book, please encourage your friends to download their own copy at , where they can also discover other works by this author. Thank you for your support. | ECONOMIC SYSTEMS Human Thoughts vs. Sharia Law Published by Maher D. Kababji at Smachwords Copyright 2012 Maher D. Kababji Smashwords Edition License Notes Thank you for downloading this free ebook. Although this is a free book it remains the copy righted property of the author and may not be reproduced copied and distributed for commercial or non-commercial purposes. If you enjoyed this book please encourage your friends to download their own copy at where they can also discover other works by this author. Thank you for your support. Table of Contents Chapter 1 Productive Activities Chapter 2 Financial Activities Chapter 3 Redistribution System Chapter 4 Financing System Chapter 5 Monetary System Conclusion Author s Preface Economics studies the many activities undertaken in relation to wealth. Economic activity has its origin in the wants of a community. Its main purpose is the satisfaction of those wants by producing exchanging and consuming goods and services. Economic activities take place in the framework of an economic system. Economic system organizes the ways by which a society utilizes available resources so as to produce and accumulate wealth and the ways by which wealth is exchanged and distributed. Material prosperity is the main objective of any sound economic system. In order to realize prosperity a society has to reach an optimal level of output growth and to sustain all members of society at or above a specified material standard of living. Socialism denotes an economic system of state or worker ownership of the means of production and distribution. Abolishment of the rights of private ownership and economic freedom leads to management of means of production by bureaucracy. Bureaucracy results into inefficiency and low production since the money incentive is lost and the bureaucrats lack initiative and follow rigid rules. Bourgeois class is liquidated and strong dictatorship of the proletariat class is established. Mainly the lack of