Al Jinan الجنان
Abstract
The importance of supply and demand in the market lies in the principle of their work as a real measure that determines the extent of economic activity of the market, where the laws of supply and demand are based on determining the relationship between the seller and the buyer, on showing the importance of the relationship between the existence of a commodity and its demand and supply, as well as its relative price between one period and another, as the supply and demand models that we hear about as economic concepts are considered among the basics of economic work where market prices and quantity of products are determined. In fact, through the interaction of the total forces of demand for products and their supply, the level of total economic resources will rise, which will raise all services of economic activities. Therefore, economists and specialized institutions focus on studying and analyzing the relationship between supply and demand, as they are the most important determinants of the growth and course of the economy, while proving the existence of the rules of supply and demand in the Islamic economy, before its approval and affirmation in positive economic systems, and even its (Islamic economy) work on protecting the freedom of the market, and making it in a state of permanent equilibrium, through legislation to ensure this, to confirm its precedence, comprehensiveness and vision of economic issues and matters.
Recommended Citation
Elhassan, Sulayman and Hijazi, Yahiya
(2023)
"Supply and demand, concepts and tools for intervening n them - an Islamic and comparative view,"
Al Jinan الجنان: Vol. 18, Article 4.
Available at:
https://digitalcommons.aaru.edu.jo/aljinan/vol18/iss1/4
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