Market Failure Market failure occurs when the market system is unable to achieve an efficient allocation of resources Positive Externalities Definition of Positive Externality. This occurs when the consumption or production of a good causes a benefit to a third party. •For example‚ when you consume education you get a private benefit. But there are also benefits to the rest of society. E.g you are able to educate other people and therefore they benefit as a result of your education. A farmer
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Islamic Banking and why. 4. To whether Islamic Banks are working strictly in accordance with Shariah compliances. Hypothesis: H1: Islamic Banks are working strictly according to the Shariah Compliances. H2: Islamic banking is banking without Riba only. H3: Islamic banking is conventional banking with a different name only. H4: People are aware of the basic concepts of Islamic Banking The above stated hypotheses were developed in order to be tested by survey. Background: Although‚ Islamic
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adopted by the human being from the very beginning of the human history for their physical survival in this natural world. The Islamic contracts basically adopted these pre-islamic concepts of contract. However what Islam innovated was prohibition of Riba‚ prohibition of Ghara‚ prohibition of Qimar (Gambling) and Maysir (Game of chance)‚ and prohibition on Haram contract. Thus‚ it could be said that in Islam every contract is basically lawful so long it does not oppose any explicit text of the Quran
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Risk Management – Differences Between Islamic and Conventional Banking In evolving the Islamic financial system‚ important considerations include the development of a system that is able to meet the changing requirements of the consumer and business community‚ that is efficient and competitive‚ that is safe and sound and that is robust and resilient and able to withstand a more challenging and uncertain world environment. These considerations are vital to ensure the sustainability of the system
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Introduce by the advertisement. 2) Discuss the merits and demerits of various distribution channel present. Ans. A) Vertical Marketing System: - Merits :- i. Consumer get product by the company directly. ii. Cheaper then other distribution channel because consumer direct get product by the company. Demerits :- i. Availability depends on company. ii. Changing in price
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1. DEMERIT POINT SYSTEM Demerit points are added to your driver’s licence‚ if you are convicted of breaking certain driving laws. The rules are different depending on if you are a new driver or have a full licence. This information will explain how the demerit points system works. How demerit points work You don’t “lose” demerit points on your driving record. You start with zero points and gain points for being convicted of breaking certain traffic laws. Demerit points stay on your record for
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Ontario Regulation 455/07 and Demerit Point System The Ontario Regulation 455/07 and the Demerit Points System work hand in hand with each other to keep the driving roads safe and the people on it far from danger. Firstly‚ the Ontario Regulation 455/07 is a detailed article that states rules against extreme drivers. To begin with‚ this document prohibits racing on roads. Whether a driver is racing‚ chasing or attempting to outdistance another car‚ he/she will be charged with the offence of
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Mudharabah : Islamic Solution to Unemployment Crisis 1 Islamic Solution to the Unemployment Crisis Ezry Fahmy Bin Eddy Yusof International Islamic University of Malaysia (IIUM) Economics in the Qur’an and the Sunnah Mudharabah : Islamic Solution to Unemployment Crisis 2 1.0 INTRODUCTION The whole world is now in the grip of a financial crisis which is far more serious than any experienced since the Great Depression. It has taken more than $3 trillion of bailout and liquidity
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12 1). In which Organization structure the principle of “Unity of command” violates? Explain that structure with merits and demerits. 2). Which Departmentalization suits to “Banking Industry”? Explain with merits and demerits. 3). Explain- Principles of Organization. Q-2 Attempt any two 12 1). Explain System Approach
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(Ullama Keram) argued that the element of risk should not be removed from the financial transaction‚ if that is removed from the financial transaction then that transaction is no more remained the business or trade but involved in the category of Usury(Riba). That’s why the profit rates of Islamic banks should be accrued form one year to another year‚ according to the performance of the bank‚ not according to the change in interest rate (Gafoor‚ 2001). Just like to conventional banking‚ Islamic banking
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