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Abstract

No living organism or social entity can fulfill its designated role unless it possesses the necessary and sufficient means to do so. This principle is echoed in the Holy Quran: Our Lord is He who gave each thing its form and then guided it (Surah Taha: 50). Economic activity, as an integral component of the broader societal structure, is no exception to this rule. For an economic system to perform an effective role, it must be equipped with the instruments that enable it to achieve its intended objectives. These instruments are generally encompassed within the framework of ""Economic Policy,"" which includes a set of sub-policies such as fiscal, monetary, and trade policies, as well as complementary sectors like agricultural and industrial policies. Each policy is governed by a set of subjective and objective conditions. Subjective conditions pertain to the internal structure of the policy itself, including its material and human capacities. In contrast, objective conditions relate to the external environment and the surrounding circumstances influencing the policy's implementation."

DOI

10.33095/jeas.v14i52.1426

Subject Area

Economics

First Page

197

Last Page

215

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