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Just give me the rough ideas, no need to explain the details...

2006-11-14 15:02:45 · 4 answers · asked by Midnite Fantasy 2 in Social Science Economics

4 answers

Capitalisme ;
Focus on individual possessions regardless what act you do to achieved your wealthyness. The main objective is to gain as much revenue as possible although you need to manipulate some community and that community will suffer due to that action. There is no restriction on productivity; they could increase thir productivity capacity without limitation and they could co-operate with anybody as the advantages will only for them. The main advantage are for managers, investors and management team and employees/workers need to suffer because of the production activities.

Sosialisme ;
No individual possesions, all capital (assets) are going public under Government supervision. Goods are divided according to priority. Same post will received sama payments. There are laws that control production activities to prevent shortage or surplus. Communisme is one of most popular ideology for sosialisme. This kind of economy founded my "workers" to put down capitalisme.

Islamic Economy :
Each individual entitled for his/her own possesions as long as it being owned in "halal" way. Monopoly in capitalisme is illegal in the eye of Islam. There'll be no "riba'" and Muslims must pay "zakat" and wealth family are requested to do "sadaqah". There'll be Bayt al Mal as a hub to collect funds and distribute them to those in needs. Islamic economy preserves both individual and public/community possesions.

2006-11-15 03:43:26 · answer #1 · answered by yusdz 6 · 0 0

Capitalism. Reward for enterprise. Work hard or start a business and get well paid. Don't work and you are poor.

Socialism, ranging from free market socialism to communism. Free market socialism is the type offered by the labour party and unions focusses on spreading the benefits of a freee market economy by a benefits infrastructure including free health care, welfare, support for the old. Communism takes this further by the state controlling business and the economy, guaranteed financial support and benefits for all but little incentive to excel.

Isalmic economy, not an economy at all. It is a religion, not an economic model.

2006-11-14 23:12:30 · answer #2 · answered by Anonymous · 0 0

Good question and easy to answer, if you know the secret--"What is capital?" Capital is: any value owned, usable and belonging exclusively to an adult free individual.
So:
Capitalism is maintaining a marketplace--of lives, goods and services, hiring and getting to hold leadership positions and getting elected or appointed to government protective positions-- by means of mutually agreed upon and scientifically and defined criteria being stated and met. (Without a supply of categorizing definitions, all you have is lying advertising and criminal anarchy going on).
Socialism is robbing everybody at gunpoint to help the neediest,
regardless of how they got to be that way, and calling your robbery "public interest" or "social good", or whatever.
Islamic theocracy is not an economic system--just a form of statism in which so-called infallible dictators tell you what you must agree to pay, receive, agree to say you believe or don't, agree to do or not do.

2006-11-14 23:23:17 · answer #3 · answered by Robert David M 7 · 0 0

You forgot communism.

2006-11-14 23:10:32 · answer #4 · answered by Jazz 4 · 0 0

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