ECONOMIC SYSTEM

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ECONOMIC SYSTEM

In linguistics, syntax is the set of rules, principles, and processes that govern the structure of sentences in a given language, usually including word order.

ISLAM

A complex sentence is a sentence that contains an independent clause and one or more dependent clauses.

An independent clause can stand alone as a sentence, but a dependent clause even though it has a subject and a verb cannot stand alone.

Attributive clauses serve as an attribute to a noun (pronoun) in the main clause. This noun or pronoun is called the antecedent of the clause.

TA'AWUN

IHSAN

ADL

ITQAN

An adverbial clause is a group of two or more words that function as an adverb in a sentence.

Decision making is a combination of both centralisation and decentralisation hence economic agent can enter into binding contracts with each other depending on the circumstances and state of economy. Both market and goverment play important roles in coordinating economic activities

An appositive clause follows another noun or noun phrase in apposition to it; that is, it provides information that further identifies or defines it.

Property ownership is an islamic framework is relative even if property can be privately owned. However, as the trustee of these resources economic agents are responsible and accountable to utilise them in an optimal way and accordance with the Syariah

The subject clause is a dependent clause that acts as a subject.

Islam recognises the self-interest of the individual but limits it within the boundary of islamic framework

A predicative clause may be introduced by conjunctions - that, whether, whether... or, as, as if, as though, because, lest, the way - or connectives.

The latter may be conjunctive pronouns - who, whoever, what, whatever, which - or conjunctive adverbs - where, wherever, when, whenever, how, why.

An islamic economic system is al-Falah which is a balance between material and spiritual well-being.

CAPITALIST

See the example below and try to create your own simple sentences.


Tim is driving the red car.

Efficiency

Competition

See the example below and try to create your own simple sentences.


Tim is driving the car with his mother.

In capitalism in mainly decentralised. Ideally, the role of the goverment in capitalism is maximum it is to facilitate the operation of the market

See the example below and try to create your own simple sentences.


Tim is the driver.

Based on freedom of choice and voluntary exchange of trade of goods and services between different parties

See the example below and try to create your own simple sentences.


Tim drives the car.

To optimise their own interest or satisfaction. Satisfaction can arise from both material and non-material outcomes

See the example below and try to create your own simple sentences.

Tim drives.

Economic agents in capitalism maximise their self-interest that is firm maximise profit and consumers maximise their satisfaction

SOCIALIST

KEY OPERATIONAL PRINCIPLES

The attribute is defined as a quality or characteristic of a person, place or thing.

Equality

Dictatorship of the proletariat

DECISION MAKING

The predicative is defined as an adjective or noun forming or contained in the predicate.

Its main trait is that it serves to express a property that is assigned to a 'subject'.

For e.g.: The dog is old.

Made by a central agency. The central planning board will decide on the production, distribution and consumption ogf goods and services by all economic agents in the economy

PROPERTY OWNERSHIP

Traditional grammar defines the object in a sentence as the entity that is acted upon by the subject.

It is not sensible to have private ownership of the factors of production when planning and decision making is totally under state control

The direct object is the receiver of the action mentioned in the sentence.

MOTIVATION AND INCENTIVE

The predicate of a sentence is the part that modifies the subject in some way. Because the subject is the person, place, or thing that a sentence is about, the predicate must contain a verb explaining what the subject does and can also include a modifier.

Motivation on socialism is derived from individual needs for self-realisation.

GOAL

The subject of a sentence is the person, place, thing, or idea that is doing or being something. You can find the subject of a sentence if you can find the verb.

Ask the question, 'Who or what 'verbs' or 'verbed'?' and the answer to that question is the subject.

Socialism aims to abolish capital ownership, coordinate the production of goods and services to directly satisfy demand and eliminate bisness cycle, unemployment and problems of overproduction that are the result of an economy based on capital accumulation and private property