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Capitalism essay in urdu pdf
united states essays 1951-91 secularism. Capitalism is the ancient political system, whose origin dates back to 1400 AD in Europe. Consumer sovereignty exists in the economy.e. In Capitalism, there is no or marginal government interference which is just opposite in the case of Socialism. The profit motive is the key component; that encourages people to work hard and earn wealth. These are two economic systems which are prevalent in or adopted by different countries of the world. As the resources are allocated, in the direction of the centralized authority, that is why it is also termed as a Command Economy or Centrally Planned Economy.
Islamic Economic system Vs, capitalist, system ( urdu ) - SlideShare
The market forces do not determine the price of the commodities due to lack of competition and absence of profit motive. Every individual is free to engage in the economic activity of his choice. No notes for slide. Under this political system, there is minimal government interference, in the financial affairs. Also known as the free market economy or laissez-faire economy.