Principles of Economics ,,,,,,,,,,,,,,

There are a lot of debates on the above simple definition of economics. Socialism supporters do not believe on the scarcity of resources and so do the supporters of Islamic Economic but the reason for the believe here is quite different. While socialism concentrates on what we can call it "Equity" a terminology widely used in economics to stand for the equality in distributing resources between people, Islamic Economic supporters don't have any conflict with inequality of resources or production distribution between people as far as Islam Principles allow inequality in (Alrizq distribution between human beings) which is pre-decided by our God only, however they don't believe on scarcity claiming that (as Islam said) our God made (Alrizq) available for all his creatures and servants and each creature has got his written stake of (Alrizq).
Any how we will come to discuss these debates in a later stage within this post meanwhile we will continue explainig the principles of economics based on one of the most outstanding economic book named (Principles of Economics, Third Edition by N. Gregory Mankiw and presented by Mark P. Karscig, Central Missouri State University) it is realy one of the best introduction and approach to economics i have recently glanced at.

(Edited by الهادي هباني on 11-29-2012, 04:55 AM)

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