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What is Islamic Market Structure Analysis about?

This document discusses market structure in Islamic economics and examines the concepts of perfect and imperfect competition. It finds that the structure of perfect competition aligns closely with the Islamic market concept, as prices are determined by supply and demand according to hadith. However, the term "competition" is inappropriate in Islamic economics as it implies fighting or war. Elements of imperfect competition like monopolies that oppress consumers should also be avoided. A new concept of "ta

Author

ZULMANSYAH ZULMANSYAH

Language

EN