Answer: Externalities are side effects (good or bad) that occur when a person or a company performs an activity and does not assume all the costs of it, or all the benefits that could be reported. In this way we can distinguish:
Negative externality: Arises when not all the costs of a negative effects are assumed. In these cases, a social cost is generated, since it is the whole society that suffers the consequences of its actions. And the market price does not collect this cost.
Positive externality: Arises from a positive effect that is not reported as a benefit. An example of positive externality that we can mention is scientific research, from which society in general benefits. In these cases, market place do not reflect the real benefits.
1) "Islam" means "surrender" or "submission". "Salam" (which means "peace") is the root word of "Islam". In a religious context the word "Islam" means "the surrendering of one's will (without compulsion) to the true will of God in an effort to achieve peace".
2) "Muslim" means "anyone or anything that surrenders itself to the true will of God". By this definition, everything in nature (trees, animals, planets, etc.) are "muslims" because they are in a state of surrender to God's will. In other words, they are fulfilling the purpose for which God created them.
3) Islam is not a new religion or cult. It is a universal way of life and civilization. Studies show that between 1.5 and 1.8 billion people in the world identify their religion as Islam. Along with Judaism and Christianity it traces its roots through Prophet Abraham and back to the first humans Adam and Eve.
4) There are five pillars of practice in Islam. These practices must be undertaken with the best of effort in order to be considered a true Muslim: A) Declaration of faith in One God and that Muhammad is a prophet of God. B) Formal prayer five times a day. C) Poor-due "tax" - 2.5% of one's excess wealth given to the needy once a year. D) Fasting during the daylight hours in the month of Ramadan. E) Pilgrimage to Mecca at least once, if physically and financially able.
5) There are six articles of faith in Islam. These are the basic beliefs that one must have in order to be considered a true Muslim. They are belief in: A) the One God. B) all of the true prophets of God. C) the original scriptures revealed to Moses, David, Jesus and Muhammad. D) the angels. E) the Day of Judgment and the Hereafter. F) destiny.
6) Islam is a complete way of life that governs all facets of life: moral, spiritual, physical, intellectual, social, economical, etc.
7) Islam is one of the fastest growing religions in the world. To become Muslim, a person of any race or culture must say a simple statement, the shahadah, that bears witness to the belief in the One God and that Muhammad is a prophet of God.
8) "Allah" is an Arabic word that means "God". Muslims also believe that "Allah" is the personal name of God.
9) Allah is not the God of Muslims only. He is the God of all people and all creation. Just because people refer to God using different terms does not mean there are different gods. Many Hispanics refer to God as "Dios" and many French refer to God as "Dieu" yet they mean the same God. Many Arab Jews and Arab Christians call God "Allah" and the word "Allah" (in Arabic script) appears on the walls of many Arab churches and on the pages of Arabic Bibles. Although the understanding of God may differ between the various faith groups, it does not change the fact that the One Lord and Creator of the Universe is the God of all people.
10) The Islamic concept of God is that He is loving, merciful and compassionate. Islam also teaches that He is all-knowing and the perfect judge of affairs, and will punish (or forgive) accordingly. However, Allah once said to Muhammad, “My mercy prevails over my wrath”. So Islam teaches a balance between fear and hope, protecting one from both complacency and despair.
The two views that identify the two possible sources of meaning in life are the external view and the internal view.
In the external view, the meaning of life comes from outside humanity, as in some higher metaphysical order that is responsible for the functioning of the universe, such as belief in God.
In the internal view, the meaning of the purpose of life comes from the human being, that is, the purpose of life is justified through the significance of the purposes and objectives of life considered valuable by the individual.
Therefore, individuals can establish a vision about the meaning of life and be influenced by the socialization process and culture to which they belong, but this must be a personal choice and must be respected.
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