Economics System

The word Islam, which when translated from Arabic, means "to submit to the will of Allah," is the youngest of the world's major religions. Worshippers of this monotheistic religion are known as Muslims, which means "one who submits to the will of Allah." The Islamic holy book is called the Qurﾒan. Islam is currently the second most practiced religion in the world, and experts predict that it will overtake Christianity as the most popular religion in the world sometime during the 21st century.

An international organization established to promote monetary cooperation, exchange stability, and economic growth. The IMF also works to lower unemployment and help countries in debt manage their finances.

Financial protection on property or people against loss, theft, or death.

In the second half of the 19th century, it was the fundamental change in the way goods were produced through the use of machines, capital, and the centralization of work forces in factories. It completely altered the social, economic, and political structure of most of Europe, Japan, and the United States.

The complete control of a weaker nationﾒs social, economic, and political life by a stronger nation.