Definition Economics

STUDENTS: Good morning, teacher. Yes, I know what’s coming! To come for many modules, you give me a lecture on “Microeconomics”!
And I also know that “Macroeconomics is the study of the workings of the economy in general,” because you have me lectures about that one before. She also told me before, “Microeconomics is the part of the economy on the activities of the individual markets and companies.”

TEACHER:. Good for you. I see you remember my earlier conference on the economy very well.

STUDENT: Yes, and I also remember you asking “why should I, as a businessman, his interest in the macro economy”? Now I’ll ask you this … why should I, as a businessman, his interest in microeconomics?

PROFESSOR: Just because the economy is very relevant when a businessman is to make the environment in which he or she works to understand. An ability to help, the company can succeed, of course.

STUDENT: You mean that a good entrepreneur, I need to be a good economist?

TEACHER: Not exactly. A deep knowledge of the economy is neither necessary nor sufficient to be successful in business. However, a good foundation in business will help you in analyzing business situations much better. Now let me ask you something? Do you know what kind of economy is?

STUDENT: I ??do not remember such a thing as “the dismal science.”

PROFESSOR: It was long ago, when Malthus was very negative predictions about what would happen as the population grew faster than food production. No, that was the answer I had expected “the economy is a social science or behavioral problems is.” And that’s because the economy is focused on the behavior of people in different situations. Also, you know, was Malthus, does not it?

STUDENTS: Thomas Robert Malthus (1766-1834) was an English economist, sociologist, member of the clergy and a pioneer in the study of modern populations. Malthus argued that poverty and distress were inevitable because the population if not checked, increased faster than the availability of means of livelihood.
And back to your definition of the economy, what that means, what do economists to theorize about the behavior. Is that all?
TEACHERS: After congratulating you on your encyclopedic knowledge, let me tell you that the economy is a social science to the behavior of the economy, more precisely, the behavior of economic agents, which is after all attempts to explain to people. Of course, because the economy is not an exact science, economists are developing theories that are sometimes called models. Read the rest of this entry »

Poverty is treated as a WMD (weapons of mass destruction) of the modern world. Elimination of the bear is very important. Economic systems like capitalism and communism have made many instruments for alleviating poverty in the world. But these extreme ideologies, not to meet the needs of the population. Private ownership of property, laissez-faire capitalism and class struggle, to dialectical materialism, non-state ownership of the assets of communism do not touch the root cause of poverty. This requires research capabilities of the Islamic economy in reducing poverty. The objective of poverty alleviation can be achieved in an Islamic economic system through the reduction of inequality. It is not to achieve equality, but equality and justice in the distribution of income and wealth. Islam eliminate absolute inequality, which arises from unequal distribution of income, but relative inequality from the fair distribution of income and wealth.

Part of this article gave a brief introduction to both mainstream economics and Islamic economics. Second, it provides a picture of poverty in the world today and the Islamic view of poverty. Islamic and economic instruments, such as poverty, Zakat, Sadaqah, Qard Hasan, Ganim, fifth, Fay, jizya, mudaraba, Musharaka, the prohibition of interest, the abolition of the spectacle, to reduce the prohibition of speculation and hoarding were briefly mentioned. Influence of the Islamic economic instruments on the marginal propensity to consume, multiplying the price of investment and production costs are fixed.

The books and articles I have mentioned in this article, Dr. Azmi Dr.Sabahuddin Islamic economics, the economic function of the SM Hasanuzzaman an Islamic state (early experience), Towards an understanding of the economic system of Islam, Dr. Ibrahim P and introduction into the economic system Moulavi.MVSaleem written.

Presentation

No one can downplay the importance of the economy is a social science, the production, distribution, trade and consumption of goods and services studies. The importance of the economy led to the emergence of different economic systems in the world and all economic systems say they are looking to the economic well being. Who controls and the failure of the economic system, which require economic justice, prosperity, irradiation of inequality and poverty complete an alternative economic order that can succeed in making a free and hungry in the world without poverty. Read the rest of this entry »

The economy, or GDP, is essentially the same. GDP is gross domestic product of a country and is a measure of the output of this country. Let me explain.

Headlines read, “We are now in a technical recession.” What does this mean? A recession is defined as an economic downturn. The exact definition is two consecutive quarters of negative GDP decline. So today, “Today we are indeed in a recession, not that it be a surprise for everyone.

The GDP is really a general measure of production from one country of goods and services. The data on personal consumption expenditures in the British government to collect property, and income, who received the relevant sectors of the economy such as agriculture, banking, mining and manufacturing, to name a few.

It is simply an attempt to the incomes of the company over a period of time, ie to measure gross domestic product. “Brute” The word as physical wear and tear on capital equipment as is used at the factory, all office equipment, etc. not included.

The gross national product (GNP) is somewhat different in that it measures of foreign income, which also added in GDP.

Is it useful? Well, it depends on what you use it. If our last quarter of growth (January to April) had, we were in a good economy that we invest? Hardly.

As anyone who has information about what you make of it. The last quarter of 2008 showed the largest decline by a quarter since 1980. (1)

It is a measure of what you should do, or is it simply a report that your team is empty, and dust in the distance is a horse. The latter is my opinion.

I do not know the story, and the GDP is simply a mirror image of what happened and where we are, like where we are against it. A large proportion of GDP in Britain comes from the banking and financial services (31%), 18.2% of the admin and public education, and 13% in manufacturing.

It is easy to see what’s happening in the banking industry and why the UK GDP was beaten. In addition, a global economic slowdown and the production is disrupted. But that is a reflection of where we are, that’s the way to look behind you or on your lap. Read the rest of this entry »