Define positive economics.
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Positive economics is the opposite of normative economics .
It is a very important part of economics where the branch deals with the description and explanation of the economic phenomena .
It basically focuses on the facts and cause-effect behavioral relationships and also includes the development and testing of new economic theories.
It is a very important part of economics where the branch deals with the description and explanation of the economic phenomena .
It basically focuses on the facts and cause-effect behavioral relationships and also includes the development and testing of new economic theories.
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