Lecture 10

GROWTH AND POVERTY

The fundamental diffrence in islamic and westren economic theory is that west emphasize on accumulation of wealth throgh this all our economic problems including poverty willl be solved.But islam totally deny this and condemns the accumulation of wealth. According to western theory reason of poverty is scarcity.But islam says that there is not scarcity as diagnosis is wrong so the solution is also wrong.In this lecture this issue has been discuss by providing empirical evidences against western point of view.

Done by

MADIHA HAYAT(277-FEMSECO/F11)

SOBIA AMIR(276-FEMSECO/F11)

powerpoint slides are attached.