Chapter 22 - Prospects for 2050 Flashcards
1
Q
fatwa
A
a religion opinion concerning Islamic law issued by an Islamic scholar
2
Q
mufti
A
person who issues a fatwa
3
Q
Solow residual
A
measures the economic growth that is not explained by the growth of labor and capital inputs
4
Q
welfare state
A
the state collects and redistributes a large share of economic resources for the purpose of achieving economic and political goals