Question

SHORT ANSWER(2)

1- Participatory Economy: Is there more or less investment in a participatory economy than in a capitalist economy? Relate your answer to the difference between who owns capital and who gets profits. Explain.

2- Homo Islamicus: Compare and contrast Homo Islamicus and Homo Economicus.

Answer 1

1) In a capitalist economy, people tend to get more profits for the reason that they are the actual owners for the capital they put in and this is the reason why people invest more in capitalist economy to gain more profits

2) Homo Islamicus is the concept made on the assumption that with the existing dilemma between the modern economy and Islam, Islamic principles tend to pop out be more successful while Homo economicus is based on the assumption that human is a narrowly self interested actor who possess the ability to make decisions towards subjective ends. The commonly between these two is that they both are meant to stabilized the economy by making proper decisions with their respective methods.