truthseeker63
Junior Member
The most dominant economic systems in the modern world at present are capitalism and socialism. The capitalism is the dominant economic philosophy in the western world mainly comprising Western Europe and Northern America under the leadership of United States. The socialism has been dominant economic ideology in USSR, Peoples Republic of China and some countries of Eastern Europe. Although socialism, with downfall and dissolution of its former leader Soviet Union, has received a great setback, yet it still holds a lot of relevance as an economic philosophy.
However, before comparing Islamic economic system with capitalism and socialism, we would briefly introduce these two systems to our readers and then we shall make comparison.
http://www.muslimtents.com/shaufi/b16/b16_20.htm
However, before comparing Islamic economic system with capitalism and socialism, we would briefly introduce these two systems to our readers and then we shall make comparison.
http://www.muslimtents.com/shaufi/b16/b16_20.htm