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INTRODUCTION by Mind Map: INTRODUCTION

1. Economic Perspectives

1.1. Conventional

1.1.1. Materialism

1.2. Islamic

1.2.1. Islamic Beliefs

1.2.1.1. Quran

1.2.1.2. Sunnah

2. Economic Growth

2.1. Definition

2.1.1. The increase in the amount of the final goods and services by an economy over time.

2.1.2. It is measured as the rate of increase in real gross product GDP or gross national product GNP

2.2. Real GDP Growth

2.2.1. When real GDP increases from one year to the next

2.3. Real GDP Growth ( Malaysia VS Global )

2.4. GDP Per Capita

2.5. Structural Composition of GDP

2.6. Inflation Rate

2.7. Factors Contributing to Economic Growth

2.7.1. Abundant Natural Resources

2.7.2. Newly-Industrialized and Diverse Market Economy

2.7.3. Young , Educated & Skillful Labor Force

2.7.4. Infrastructure and Efficient Economic Organization

2.7.5. Inward Investment Level

2.7.6. Labor Mobility

2.7.7. Saving Levels

2.7.8. Corruption Levels

2.7.9. Political and Social Stability

3. Economic Development

3.1. Definition

3.1.1. Broad and Comprehensive

3.2. Positive Changes

3.2.1. Sosio-economic Changes

3.2.1.1. Human Capital Development

3.2.1.2. Infrastructure Development

3.2.1.3. Regional Competitveness

3.2.1.4. Environment Sustainability

3.2.1.5. Poverty Reduction

3.2.1.6. Equitable Income Distribution

3.2.1.7. Enhanced Healthcare

3.2.1.8. Improved Safety

3.2.1.9. Literacy Development

3.2.1.10. Social Amenities

3.2.2. Technological Changes

3.2.2.1. Technological Development

3.2.2.2. Innovation

3.2.2.3. Research

3.2.2.4. Other Initiatives

3.3. Economic Growth

3.3.1. Quantitative

3.4. Economic Development Effects

3.4.1. Long Term Environmental Implications

3.4.2. Economic Problems

3.4.3. Income Inequality

3.4.4. Social Problems

4. Islamic Economic Growth

4.1. Concepts

4.1.1. Follow the principles of social and economic justice

4.1.2. Halal (permissible) and haram (forbidden)

4.2. Factors Contributing

4.2.1. Human Resoursec

4.2.2. Investible Resources

4.2.3. Entrepreneurship

4.2.4. Technological Changes

5. Islamic Economic Development

5.1. Objectives of Islamic Development

5.1.1. Achieve Falah

5.1.2. Equal Opportunities

5.2. Aspects

5.2.1. The Divine and its creation

5.2.2. The material and spiritual need of human being

5.3. Hierarchy of Goods Consumption in Islam

5.3.1. Dharuriyyah (basic goods)

5.3.2. Hajiyyah (Comfort goods)

5.3.3. Kamaliyyah (luxury goods)

5.4. Concepts

5.4.1. Tauhid

5.4.1.1. Habluminallah

5.4.1.2. Worship one GOD

5.4.1.3. Habluminannas

5.4.2. Rububiyyah

5.4.2.1. Believe Allah as the most powerful creator

5.4.2.2. Achieving Falah

5.4.3. Khalifah

5.4.3.1. The leader of a caliphate

5.4.3.2. Ensure prosperity set by Shariah

5.5. Dimentions

5.5.1. Spiritual

5.5.2. Moral & ethical

5.5.3. Environment & physical

5.5.4. Socio-economic changes

5.5.5. Technological changes

5.6. Negative Impacts

5.6.1. Environment Degradation

5.6.2. Moral & Social Problems

5.6.3. Poverty & Unequal Income Distribution

6. Malaysian Economic Structure

6.1. Economic Structure

6.1.1. Primary

6.1.2. Secondary

6.1.3. Tertiary

6.2. Factors Contributing to Malaysia's Stuctural Changes

6.2.1. Change in Economic Policy & Development

6.2.2. Unstable Agricultural Prices in International Market

6.2.3. Industrial Sector Ability to Absorb Manpower & Solve Unemployment

6.2.4. Availability of Resources for Industrial Sector

6.3. Structural Change Implications

6.3.1. Increased in GDP & Reduced Poverty Level

6.3.2. Reduced Depency on Primary Sector

6.3.3. Migration from Rural to Urban Area

6.3.4. Change in Country's Foreign Sector