Economic Systems | MCQs

Explanation

Agriculture was the primary economic foundation of ancient civilizations (e.g., Mesopotamia, Egypt, Indus Valley). It provided:

• Food surplus, enabling population growth.
• Raw materials (e.g., cotton, wool) for trade and crafts.
• Stability required for societal development.

Explanation

Muslim thinkers categorize the economy as "Islamic economy," which is based on Islamic principles and laws.

This framework emphasizes ethical and moral considerations in economic activities, including the prohibition of interest (riba) and promoting social justice.

Explanation

Impoverished