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BNK611 Economic Ideology in Islam GDB No 1 Fall 2021 Solution / Discussion

Economic Ideology in Islam (BNK611)

GDB

Task

With the history of mankind different economic systems have evolved. Capitalism is one of those systems which were adopted by many nations. It is based on the private ownership of resources. Following are the basic characteristics of this system:

Two-Class System
Competition
Profit Motive
Minimal Govt. Intervention
You are required to discuss the above mentioned characteristics of Capitalism in a way that it may be understood easily by everyone.

Instructions

Be brief and precise.
Be honest. Make solution yourself. Do not copy-paste from any source.
Make draft in MS Word with font size 12 and font style “Times New Roman”.

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