The document provides an overview of capitalism, socialism, and the Islamic economic system. It discusses the historical origins of capitalism in 14th century Europe following the crisis of feudalism. It then outlines some key aspects of socialism, including its basis in common ownership and self-management. Finally, it briefly describes some distinguishing principles of the Islamic economic system, such as prohibiting interest and emphasizing equitable distribution of wealth.

2. BY FAROOQ MUSTAFA JOYIA (169-FET/BSME/F11-B) (IIU,ISLAMABAD)