Economy, asked by twinkleRathodpurple, 8 months ago

13. The difference between Positive and Normative Economics is
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Answers

Answered by Naimeesya
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Positive economics describes and explains various economic phenomena or the "what is" scenario. ... While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

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Answered by nishadhani7
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Explanation:

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..................Positive economics describes and explains various economic phenomena or the "what is" scenario. ... While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

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