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Demand and Legal Theory in Islamic and Conventional Economic Perspectives1

This document discusses demand and supply theory from both conventional economic and Islamic perspectives. It outlines the key determinants of demand in conventional economics, including price, income, tastes, and expectations. It then discusses the functions, laws, and curves of demand. For the Islamic view, it notes demand must be for lawful goods and services. It discusses different types of demand based on purchasing power. For supply theory, it also discusses marginal, sub-marginal, and super-marginal supply. The conclusion states that while conventional and Islamic views are largely similar, Islamic demand has limitations on goods to avoid harm.

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Januaril Akbar 2002126543
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36 views

Demand and Legal Theory in Islamic and Conventional Economic Perspectives1

This document discusses demand and supply theory from both conventional economic and Islamic perspectives. It outlines the key determinants of demand in conventional economics, including price, income, tastes, and expectations. It then discusses the functions, laws, and curves of demand. For the Islamic view, it notes demand must be for lawful goods and services. It discusses different types of demand based on purchasing power. For supply theory, it also discusses marginal, sub-marginal, and super-marginal supply. The conclusion states that while conventional and Islamic views are largely similar, Islamic demand has limitations on goods to avoid harm.

Uploaded by

Januaril Akbar 2002126543
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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DEMAND AND LEGAL THEORY IN ISLAMIC

AND CONVENTIONAL ECONOMIC


PERSPECTIVES1
Here is where your presentation begins
Demand Theory in a Conventional Economic Perspective

Demand is a relationship with the amount of demand in the form of price, demand shows the high or low demand for goods and
services from the buyer. The number of commodity goods demanded on the market at a price that has been determined at a
certain amount of income as well as at
certain period is called demand.

Demand in economics means that the amount of an item that is willing and able to be purchased at various possible prices, for a
certain period of time, assuming other things remain the same. Demand is the amount of a good or service that can be
purchased at various possible prices during a certain period of time, assuming other things remain the same / cateris paribus.

There are several determinants of demand: the price of a good, the price of another good
closely related to these goods, household income and income
the average income of the community, the pattern of income distribution in the community, the taste of the community, the
number of inhabitants, and the prediction of future conditions.
● Functions in Economic Demand
● The demand function is one of the functions that leads to an interrelated relationship between price and the quantity of
goods / services in consumer demand based on
● The price and time cannot be determined. That the amount of a good or service that will be demanded depends on the
high or low price that applies to the goods and at a certain time.

● The Law of an Economic Demand


● According to the Dogde, the law of demand is when there is a condition in which all of these things will be considered
the same, if there is an increase in the price of a good, the consumer will reduce the quantity in demand.

● Curves in Economic Demand


● Connecting the price of a good (cateris paribus) to the quantity of a good that will be demanded from the buyer is called
a demand curve. The demand curve states that the large quantity of a good or product is will be purchased because of a
change in the unit price. So, in this case the number of requests is greatly influenced by the amount
● goods at a predetermined price.

● Islamic Demand Theory


● The desire for a good or service that is in accordance with the limits of sharia and halal thoyyib is a request in the opinion
of Ibn Taymiyyah. The concept used in the theory of demand for an Islamic perspective is when assessing or determining
● commodities (goods or services) that not all can be used or consumed, the reason is that they must be able to distinguish
between different commodities (goods or services) lawful and haram. 17
has two types based on the demand rule. And here are 2 types of law of demand, such as:

● 1. Demand based on purchasing power What is meant by demand based on purchasing power is a
demand based on the ability of consumers when buying goods. And demand based on purchasing
power is also divided into several types, namely:

● 2. Effective Demand Demand based on the first purchasing power is effective demand. One type of
demand based on maximum purchasing power. Usually this is done by consumers who have large
incomes.

● 3. Absolute Demand Absolute demand is a request made by consumers to get necessities but with
low purchasing power. This is usually done by people who have low income.

● 4. Potential Demand Potential demand is a combination of the two previous types of demand. In
this context, people have high purchasing power, while products are needed, but there is still a
sense of hesitation to make purchases.

● 5. Requests based on number of actors A request based on the number of actors is a type of
request that is easy to detect. It can only be seen from the number of people who made the
request.
Jenis-Jenis Penawaran Jika hukum permintaan memiliki beragam jenisnya, begitu juga
dengan hukum penawaran, terdapat beberapa jenis hukum penawaran

● 1. Penawaran Marginal
● Penawaran marginal adalah penawaran yang dilakukan oleh penjual yang bisa
menjual produknya dengan harga yang sama dengan harga pasar. Bisa dibilang
ini penjual yang ingin mencari untung yang standar.

● 2. Penawaran Sub Marginal


● Penawaran sub marginal adalah penawaran yang dilakukan oleh penjual yang
berani menjual produknya di bawah harga pasar. Transaksi ini hanya bisa
dilakukan oleh penjual yang hanya ingin meraih untung minimal.

● 3. Penawaran Super Marginal


● Penawaran super marginal adalah penawaran yang dilakukan oleh penjual yang
menjual produknya degan harga lebih tinggi dari harga pasar. Penjual ini
biasanya bertujuan untuk meraih untung penjualan yang sebanyak-banyaknya.
CONCLUSION
Based on the discussion of conventional demand theory and
Islamic demand theory from several sources, it is stated that
in general the two are almost the same. The difference lies in
the source of the law used that there are limitations
Islamic in view of Islamic demand, from several different
views about commodities and the goals to be achieved.

The main sources of theory of Islamic demand are the Qur'an,


al-hadith, and the sunnah of the Prophet Muhammad.
Meanwhile, in conventional theory, human reasoning is
sometimes less even irrational when buying a number of
goods or services, for example when buying a number of
commodities, only paying attention to the price of the
commodity without paying attention to whether the
commodity to be bought or consumed is halal or haram
because of the goal to achieve it. world only destination.
THE CONCEPT OF BIDDING IN ISLAMIC
PERSPECTIVE
Bidding and the Law of Bidding
The law of supply shows the relationship between the price and the
quantity of a good
offered. The law of supply reads "if the price of goods falls, then the
quantity of goods
supplied falls, and vice versa, if the price of goods rises, the quantity
of goods is
offered up. " So that the relationship between the price and the
quantity of goods offered
is a positive relationship..
Teori Penawaran dalam Perspektif Islam

IDiscussing the theory of Islamic offerings, we must return to the history


of human creation. Earth and humans were not created at the same
time. In utilizing the nature that Allah has provided for human needs, the
prohibition that must be obeyed is "Do not cause harm to the earth".
This prohibition is scattered in many places in the Qur'an and how much
Allah hates it those who do mischief on earth.
In general, there is not much difference between conventional and
Islamic demand theory as far as it is related to the variables or factors
that also influence the supply position. Even the general curves are
essentially the same. One important aspect which makes a difference in
this perspective is possibility greatness comes from a foundation of
philosophy and morality which is based on the premise of values
Islam. .
CONCLUSION
Islam is the only religion that proposes
encompassing principles
all aspects of human life, not only talking
about economic values.
Islam has implanted a broad framework
based on economic opportunity
equal and fair for its adherents to direct
them towards life
a balanced economy.
In the cost analysis, the maximum
efficiency of production will occur if the
concept is deep
Islamic economics with profit sharing
instruments is preferred over using
instrument of interest in conventional
economics. So that with the discourse and
new discoveries, which are much better in
terms of theory or practice will be more
assuring that the Islamic Economy is a
"healthy" system.

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