About this document
Islamic Economic System vs. Capitalism & Socialism by ✬ SHANZA MALIK ✬ is a document available to read on EtoBox.
The document compares the Islamic economic system to capitalism and socialism. Under capitalism, wealth is distributed to four factors of production: capital, labor, land, and entrepreneurship. Socialism considers capital, land, and profits to be national property, so only labor receives wages. The Islamic system recognizes two groups with a right to wealth: those who directly participate in production, and those obligated to share wealth. It identifies three factors of production—capital, land, labor—and d
- Author
- ✬ SHANZA MALIK ✬
- Language
- EN