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Traditional Economic System - Assignment Example

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Summary

The author of the following paper under the title 'Traditional Economic System' presents the world which has been divided into the rich and the poor as a result of the traditional economic system that is directed at making the rich richer and the poor poorer…

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Subject: Macro & Microeconomics
Type: Assignment
Level: Masters
Pages: 1 (250 words)
Downloads: 2
Author: parkercamille

Extract of sample "Traditional Economic System"

The fact that Islam prohibits any basis of the banking system on interest is fundamentally against the system prevailing in the traditional nation-state system. On the other hand, the percentage of Zakat is so minimal that it can easily be paid by the rich, and if practiced can easily eradicate the differences between the rich and the poor. Q. 2: Ans. Moral and critical thinking leads to policy-making on the national and international level that can help address the issue of the surfacing of the religious-based groups that use violence as a means to an end.

This even leads to the development of such a curriculum that can help inculcate informed decision-making skills in the students that are future professionals and active members of the society. Moral and critical thinking brings equality and empowers all members of society.

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