Economy, asked by Sahildahiya1775, 1 year ago

Distinguish between positive economics and normative economics

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Answered by princi58
17

Answer:

Positive economics is objective and fact based, while normative economics is subjective and value based. Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. Normative economicstatements are opinion based, so they cannot be proved or disproved.

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