If there is no savings or lending in the first period, then final spending (m1 = FS = C1 +Z1) is same with m1. Instruments that may affect the volume of money are allocated for consumption in either the first or second period includ: First, Zakah the imposition of zakat in the first period 1 (Z1)) will reduce m1 allocated to C1. Therefore, before looking at whether policy or event is capable of affecting the economy, we must first see the effect on demand and supply, including The object of discussion is the issue of inter-temporal consumption, that is consumption executed in two times, namely the present (first period) and the future (second period). Both of these are central to an economic problem because these two things make market work. Demand is from the consumer and supply is from producer. In Islamic economics, Islamic norms and morals, which are Islamic principles in conducting economic activities, are factors that determine an individual or society in conducting economic activities, so that Islamic economic theory is different from the theory of conventional economics. Islamic economic view on demand and consumption is relatively equal with conventional economics, but there are limits for individual to behave economically in accordance with the rules of sharia.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |