Question

Difference between Normative economics and Positive economics? (Don't spam)​

Answer 1

Explanation:

Economists frequently distinguish between 'positive' and 'normative' economics. Positive economics is concerned with the development and testing of positive statements about the world that are objective and verifiable. Normative statements derive from an opinion or a point of view.

An example of positive economics is, “an increase in tax rates ultimately results in a decrease in total tax revenue”.

On the other hand, an example of normative economics is, “unemployment harms an economy more than inflation”.

Answer 2

Answer:

sorry appi economic kai baarai mai nahi maalum.