morality
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Basic Economic Concepts: An Islamic Perspective
Abstract: In the West, the scope of economics limits itself completely to the material aspect of human life. It focuses on how to satisfy as much as possible the material needs of man out of the scarce resources available in respect to land, labor and capital. It also deals with the nature of production, distribution, exchange and money. These can be accepted with emphasis on moral and ethical framework in the …
Published in OmniScience: A Multi-disciplinary Journal · Vol. 3, Issue 2, 2013 · pp. 1–7 Read article