Identifying the Most Impactful Economic System, For Overcoming Evils of Inequality and Corruption

Authors

  • Dr. Syeda Urooj Babar Lecturer, Department of Management Sciences, University of Swabi, KPK Pakistan.
  • Syed Danish Babar Sales Manager, Memory Technology Middle East FZCO.
  • Syed Tabish Babar CEO Jeem & Co FZE-LLC.
  • Syed Umair Babar Financial Management Specialist at World Bank.
  • Syed Adil Babar CEO - New Yorker Pizza SMC Pvt Ltd.

Keywords:

Capitalism, Socialism, Mixed Economy, Islamic Economic System, Poverty, Inequality, Corruption.

Abstract

In this paper a view of world’s economic problems and currently revolving economic systems have been discussed. A review of all revolving economic systems is given so to find out the most impactful economic system that is free of societal evils. Firstly at a glimpse each economic system has been explained along with their social impacts, so to abstain from ambiguity in concepts. It is observed that economic system is highly sensitive to changes in the distribution of resources. Then basic societal evils including poverty, corruption, inequality, terrorism, unemployment and social injustice, reasons of their emergence, how to overcome them need of an impactful economic system and how to implement it have been discussed.

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Published

2025-11-21

How to Cite

Babar, D. S. U., Babar, S. D., Babar, S. T., Babar, S. U., & Babar, S. A. (2025). Identifying the Most Impactful Economic System, For Overcoming Evils of Inequality and Corruption. Journal of Social Sciences Research & Policy, 3(04), 397–405. Retrieved from https://jssrp.org.pk/index.php/jssrp/article/view/202

Issue

Vol. 3 No. 04 (2025): October-December

Section

Articles