Price Control System in Islam

Essay from the year 2009 in the subject Economics - Finance, , language: English, abstract: This paper is written about that topic on which most scholars have not the similar views. So, it may be said that this topic presents some brief discussion about the dilemma of price control. Actually, prices of goods affect not only consumers but producers also. Similarly, prices of factors of production also affect the supply and demand of different factors of production. Therefore, stable prices of goods and services show stable circumstances of the economy and vice versa. Anyhow, in this article, types of price control, types of wage rate and some scholars' views are presented in brief manner. But brief discussion does not mean that this does not have important aspects about price control. While discussing the price control, scholars' views about price control are presented in favor of both sides, to producers and to consumers. Anyhow, price control is a mandatory policy for consumers and for the development of economy in fair dealings. Therefore, no section of society could feel oppressed by the other. In the end of discussion, some advantages and some disadvantages of price control policy are briefly discussed.

i born on 19th july 1971. Father Muhammad zafarulllah khan was import officer in BTM Mills Burewala. Passed my Matriculation exam from Govt B TM High School Burewala in 1988. Passed FA from Govt College Burewala in 1990. Passed BA from Govt. College Burewala in 1992. Then passed Master in Economics from Bahauddin University in 1995. Then joined Hafeez ghee and general mills Multan as a Asst. Stores Keeper. In the year 1997 i joined Govt of Punjab education dept. in the year 1997. i passed MA Islamiat in 2007 from Bahauddin zakariya University Multan and get admission in M.phil which was passed with distinction from BZU Multan . After that i get admission in PhD which is still in review process by me. Many articles have been published in online and hard journals.