DEMAND IN ISLAMIC MARKET IN COMPARISON WITH HIGHLY - COMPETITIVE MARKET

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RAJAEI SEYED MOHAMMAD KAZEM

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Journal: Journal of Iran's Economic Essays; an Islamic approach Year:2007 | Volume:4 | Issue:8 Page(s): 65-98

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Information Journal Paper

Title

DEMAND IN ISLAMIC MARKET IN COMPARISON WITH HIGHLY - COMPETITIVE MARKET

Author(s)

RAJAEI SEYED MOHAMMAD KAZEM | Issue Writer Certificate

Keywords

UTILITYQ2

INDIFFERENCE CURVEQ3

DEMANDQ2

ISLAMIC MARKETQ2

VALUEQ3

LOCALIZATIONQ3

ISLAMIC ECONOMYQ3

Abstract

Values of western culture have combined with economics in different delicate methods. These VALUEs play an important role in theories. Three principles including: observation of VALUEs, efficient allocation of resources and brotherhood (friendship and understanding between people) can be concluded from Islamic solutions on DEMAND. Although economic subjects have the potentials of accepting new methods but regarding the rules govern the behavior of an economical Muslim man, a little change can be made in the concepts related to the literature of capitalist economy to present the discussion.The principles of brotherhood, economy and avoidance of merrymaking (or efficient allocation of resources) make people tend to use basic necessities where they are limited and not more available, i.e.; people from different social classes, on low or high income, are inclined to buy particular goods and commodities.Stabilizing the conditions, the level below the curve of a Muslim DEMAND graph is less than a non-Muslim one in regard to the level below the curve, but the level below the curve on a DEMAND graph in ISLAMIC MARKET is more in regard to the highly - competitive market. If prices exceed the purchasing power of consumer in regard to the basics for living, the Islamic government or people on high income can pay for, through donations to reach to the UTILITY level. In other word, the effects of income, in two levels of prices, based on the high amount of consuming (waste) and lowest amount of consuming (living necessities).

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APA: Copy

RAJAEI, SEYED MOHAMMAD KAZEM. (2007). DEMAND IN ISLAMIC MARKET IN COMPARISON WITH HIGHLY - COMPETITIVE MARKET. JOURNAL OF ECONOMIC ESSAYS, 4(8), 65-98. SID. https://sid.ir/paper/108935/en

Vancouver: Copy

RAJAEI SEYED MOHAMMAD KAZEM. DEMAND IN ISLAMIC MARKET IN COMPARISON WITH HIGHLY - COMPETITIVE MARKET. JOURNAL OF ECONOMIC ESSAYS[Internet]. 2007;4(8):65-98. Available from: https://sid.ir/paper/108935/en

IEEE: Copy

SEYED MOHAMMAD KAZEM RAJAEI, “DEMAND IN ISLAMIC MARKET IN COMPARISON WITH HIGHLY - COMPETITIVE MARKET,” JOURNAL OF ECONOMIC ESSAYS, vol. 4, no. 8, pp. 65–98, 2007, [Online]. Available: https://sid.ir/paper/108935/en

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