ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Choose the effects of consumption on production summarized by Siddiqui.
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More resources would be allocated in the quantity of luxury goods demand.
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Increase the supply of labour.
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More resources would be allocated to the primary comforts of life.
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Fewer resources would be allocated for prohibited goods and services.
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Explanation:
Detailed explanation-1: -In Islamic economics, the main purpose of production is the balanced of individuals and society’s benefit.
Detailed explanation-2: -Why a man will get zero reward while he is consuming legitimate things? He has no conscious intentions regarding his consumption. He is ready to refrain from consuming anything that God prohibits. He is sharing some of his consumption with others example by paying zakah.
There is 1 question to complete.