Islam is the only Road to Safety World and the Hereafter

The characteristics of the Capitalist economic system :
  • Wide recognition of personal rights.

Ownership of the means of production in the hands of individuals. Inidividu free choice of employment / business are considered to be good for him.

  • Economy governed by market mechanisms

Functioning markets provide a "signal" to producers and consumers in the form of prices. Government intervention kept to a minimum. "The Invisible Hand" that govern the economy to be efficient. The motive that drives the economy for profit.

  • Viewed human beings as homo-economicus, who is always chasing kepentingann (benefit) itself.

Individualism based on materialism, the legacy of Ancient Greece (called hedonism).


The virtues of capitalist economic system

  • More efficient in utilizing the resources and distribution of goods. 
  • Creativity community to be high because of the freedom to do things the best himself. 
  • Political and social supervision is minimal, because the labor time and cost required is smaller.

The inadequacies of the Capitalist economic system

  • There is no perfect competition. That there is imperfect competition and monopolistic competition. 
  • The price system fails to allocate resources efficiently, because of the externality factors (not taking into account that suppress the wages of workers and others).

Business tendency in capitalist economic system
Business development is strongly influenced by the prevailing economic system.  

Business tendencies in capitalism today :
  • Of specialization
  •  The mass production 
  • Existence of large-scale enterprise 
  • The development of research.

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