ECONOMICS
CONSUMERS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following are NOT the objectives of a Muslim producer?
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Improve the conditions of society through the use of resources
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Maximize level of profits.
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Obtain the blessings of Allah SWT.
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Achieve reasonable amount of profits.
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Explanation:
Detailed explanation-1: -From the Islamic point of view, there are four factors of production, which are capital, land, labour…show more content… This is because if an individual uses only hands in farming, mining and manufacturing sectors, his productivity will be very low.
Detailed explanation-2: -Thus, a Muslim is motivated to produce every item or service that has that problem. This means that the concept of maslahat is an objective concept of producer behavior, because it is determined by the goal (maqashid) of shari’ah, which is to safeguard human benefit in the world and the hereafter.
Detailed explanation-3: -Which of the following are NOT the objectives of a Muslim producer? Maximize level of profits.
There is 1 question to complete.