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Production Theory

  • Seyed Kazem Sadr
Chapter
Part of the Political Economy of Islam book series (PEoI)

Abstract

The chapter reviews firm theory and applies it to Islamic production rules of behavior, such as refraining from wastage, extravagance and harming others. The discussion is preceded by an exposition of the concept of efficiency and how it can be achieved in production activities. The chapter concludes by explaining why the concept of efficiency is not applied to consumer behavior in the conventional theory.

Keywords

Equilibrium Point Marginal Cost Marginal Product Total Revenue Supply Curve 
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Copyright information

© The Editor(s) (if applicable) and The Author(s) 2016

Authors and Affiliations

  • Seyed Kazem Sadr
    • 1
  1. 1.INCEIF—The Global University of IslamiKuala LumpurMalaysia

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