define positive economics and write it's two characterstics
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Explanation:
Positive and Normative Economics:
An economist uses positive economics to describe the world as it is, using objective methods and fact-based statements. Normative economics refers to prescription. An economist relies on subjective statements to explain how the world should be.
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Answer:
Positive and Normative Economics:
An economist uses positive economics to describe the world as it is, using objective methods and fact-based statements. Normative economics refers to prescription. An economist relies on subjective statements to explain how the world should be.
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