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true or false ? why? course - foundation of islamic economics One necessary characteristic of socialism is the central role given to private firms to

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true or false ? why? course - foundation of islamic economics
One necessary characteristic of socialism is the central role given to private firms to decide on the use of productive resources in order to promote public interest. 1 A BI OP To ensure that there is no interruption in clean water supply, the government of an Islamic economy should let private firms own rivers. % 1 A B I The Islamic economic agent is assumed to be a rational economic man in maximizing his consumption level. 1 A B I An Islamic firm would internalize explicit and implicit costs of production according to the teaching of Islam not just to maximize the profit, but mainly because of the realization of taqwa (piety) in running the business operation. A. BI % $$ 1

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