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as far as an Islamic economic system is concerned there is an Islamic economic system in Saudi Arabia where you connot find even a person for zakat.then There is Iran also.An Islamic economic system means means every one's prosperity.

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What are the importance of importing?

import goods can get coutries 's resources that they cannot obtain in their own country ,and it aslo can promote economic exchange between the countries. come to bytrade.com -- 'help' to know more information about import


How do countries decide what goods to import and export?

Countries decide what goods to import and export based on factors such as resource availability, comparative advantage, and market demand. They analyze their domestic production capabilities and the global market to identify goods that they can produce efficiently while importing those that are more cost-effective to obtain from other nations. Additionally, trade agreements, tariffs, and economic policies influence these decisions, ensuring that they align with national interests and economic strategies. Ultimately, the goal is to enhance economic growth and improve consumer choice.


How can aid break the poverty cycle?

In the poverty cycle it is clear that ( developing countries) have low income levels, this means that their saving level is very low( MPS is low) , low saving will mean there are no funds in the financial system so investors will find it difficult to obtain loans and to invest, this will hinder economic growth and eventually development. Obtaining foreign aid means that having funds which if used efficiently will boost investment and hence boosting economic growth - breaking the poverty cycle-. However, there are many criticism on the scenario.


How can free goods become economic goods?

Free goods are those which are obtained with out cost: example air, water in a lake (if you are in country), fruits (if you are in a field with trees). To obtain economic goods means to pay a cost and use labor force to obtain it


What are the major goals of econometric analysis?

To obtain reliable estimate of the co-efficient of economic relationship and use them for policy decisions

Related Questions

How do you become a sharia scholar of Islamic banking?

first obtain a BA/ MA from an Islamic univeristy, then complete a law degree


Where can i obtain a list of special economic zone countries?

oo sir app muko delhi satta ka number bata sakta ho sir merey help karooo


How is a divorce procured according to Islamic rules?

· Mubarah - husband and wife agree between themselves to terminate the marriage· Khul - when wife can obtain a divorce against her husband for having a genuine grievance against him by returning her marriage gift


What did Europeans obtain from the Islamic world and Asia to assist them with their explorations of the Atlantic world?

Technology to improve their ships


Can you obtain a passport card without having a traditional passport?

Yes, you can obtain a passport card without having a traditional passport. A passport card is a smaller, more convenient form of identification for travel to certain countries, particularly by land or sea. It is not a substitute for a traditional passport for air travel or international trips requiring a visa.


Why do countries depend on each other for natural resources?

Countries depend on each other for natural resources because not every country has access to all the resources it needs. Some countries have abundant reserves of certain resources, while others have shortages. By trading with each other, countries can obtain the resources they lack, promoting economic growth and stability.


What are the importance of importing?

import goods can get coutries 's resources that they cannot obtain in their own country ,and it aslo can promote economic exchange between the countries. come to bytrade.com -- 'help' to know more information about import


What are the weakness and strengths of Islamic banking?

current day Islamic banking is not really Islamic banking. Islam forbids 'ribbah' this includes interest rates, as this creates inflation, devalues money - and it forbids someone to make profit by lending money to someone. the 'Islamic' banks of today manipulate people ideas of 'ribbah' and instead of charging a percentage, they charge commisions, which is till 'ribbah' but some Muslims define ribbah as interest only, which is not true. ribbah can be a number of things not just interest rates. but the law says you cannot profit by un earned income, this includes gambling, interest rates amongst other things. modern Islamic banks have manipualted this idea to their own gain by charging riduclous amounts for borrowing money. most Islamic leaders agree this is not right. a proper Islamic banking system/economy would not have interest rates. interest rates cause currency values to fluctuate, this means one countries wealth can appreciate/depreciate relative to another countries, this allows for economic warfare and for the richer countries to obtain goods at a cheaper rate. unfortunately the entire world (except china) has adopted this system and its one of the root causes of the credit crunch. and its why china has been so successful because they didnt play into this scheme and let someone else value their money.


Can you obtain a license at 18 without having a permit beforehand?

No, in most states, you cannot obtain a driver's license at 18 without having a learner's permit beforehand.


What is the definition of eligible?

having the right to do or obtain something, having satisfied some type of prerequisite


What countries try to obtain atomic bombs?

United States of America


Where can one obtain a car loan after having claimed bankruptcy?

You can obtain a car loan after having claimed bankruptcy by applying online at the Cars Direct website. Cars Direct is well known for helping people with poor credit obtain an auto loan.