Social Sciences, asked by rd998910, 6 months ago

Difference between Positive economics​

Answers

Answered by digvijay49
1

Answer:

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Explanation:

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

Answered by vaiahnavisp1929
0

Answer:

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

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