economic system


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economic system

a mechanism for tackling the twin problems of SCARCITY and CHOICE. Because economic resources are limited relative to society's demand for goods and services, some means of allocating resources between alternative ends is required. In the modem world, three basic allocative mechanisms perform this function: PRIVATE ENTERPRISE ECONOMY, in which resources are allocated through markets; CENTRALLY PLANNED ECONOMY, in which resources are all allocated by the state; MIXED ECONOMY, in which resources are allocated both by the market and by the state. See NATIONALIZATION, PRIVATIZATION.
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Shariah-compliant sectors are central to the Islamic economic system and attract the most investment - thereby facilitating an Islamic economy-friendly environment," he said.
UAE'S ISLAMIC ECONOMY ECOSYSTEM THRIVES
Many studies of the post-communist economic transition have focused on economic reforms, which are the means of attaining changes in the organisation of the economy, while the literature has dwelt less on the implicit choice of economic system and the institutional and structural goals.
The Choice of Reforms and Economic System in the Baltic States
He urged the Ulema to present the alternate economic system against Riba with an aim to ensure economic equality for the masses.
Kulsoom to win NA 120 seat by over 100,000 votes margin
Throughout the years, the Islamic Economic system has proved itself to be a more efficient system than other economic systems.
United Arab Emirates : Mohammed bin Rashid says Islamic Economy has proved its efficiency over the years
No wonder that the adoption of the Islamic economic system constitutes a key factor for economic growth, creation of jobs and new initiatives in cooperation among local, Islamic and international institutions.
Islamic economic system is the basis of economic growth: HH Sheikh Mohammed bin Rashid
The Finance Minister said Islamic banking system is transparent and expressed the resolve that Islamic economic system will be spread across the country.
Islamic banking is complete economic system: Finance Minister
Economic systems are operated by people and should be based on principles of freedom and dignity, he said.
Human dignity in economics
The poll found that 65% of Americans thought the economic system "unfairly favors powerful interests.
Two-Thirds of Americans Think Economic System Favors the Powerful
Our greatest achievement appears to be the ability of our economic system to create incredible wealth for a small minority of the population, Mander argues.
System failure
Capitalism is an economic system that believes in private ownership and in the production of goods and services for profit.
Capitalists are running the UK
As such, they would have no qualms with seeing the downfall of corporate capitalism -- and its supporting institutions -- and its replacement by an economic system that treats them with dignity, that pays them a living wage and whose means of production serve the societal interest, not the interests of the uber-rich and upper-income groups.
Occupy Wall Street - PassA[c] Or Canary In A Coal Mine?
He called for the independence of the CBI according to its present law and stops all campaigns against it, because they will affect negatively on the economic system and create new crises.
Exchange prices crisis not burdened by CBI - expert

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