Jaihoon.TV | Light upon Life

Shortcomings of modern economic systems

Shortcomings of modern economic systems
Email This Video

Modern economic systems may be grouped into traditional economies, market (or capitalist economies), command (or centrally planned economies) and mixed economies. We elaborate here the shortcomings of these systems.

These very inadequacies of existing systems draw us into the sphere of ‘Benevolent economics’. Benevolence in this context is a term devised to highlight the virtues of kindness, mercy and forgiveness in economic interaction. The human factor, social justice, public interest & welfare are the missing links that we emphasize and glorify in our present series.

Email This Video

Comments

comments

 
Comments

No comments yet.

Leave a Reply

 
Read previous post:
Scope of Islamic Banking in Kerala

Kerala Muslims are perhaps the wealthiest in the country having the highest standard of living. “There is at least Rs5,000...

Close