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Document Type: | General |
Publish Date: | 26/11/2014 |
Primary Author: | Wikipedia, the free encyclopedia |
Edited By: | Suneela Farooqi |
Published By: | Wikipedia, the free encyclopedia |
The world’s dominating economic system is based on “Capitalism” wherein the inherent factor is the presence and frequent use of “interest” or “Riba” and it has not been able to completely solve the problems facing the international economic system. Capitalism is an economic system in which the means of production and distribution are privately owned and operated for a private profit; decisions regarding supply, demand, price, distribution, and investments are made by private actors in the market rather than by central planning by the government; payment is made to the factors of production involved including wages paid to workers employed by businesses.