explain the concept of positive and normative economics with illustration.
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Positive economics describes and explains various economic phenomena, while normative economics focuses on the value of economic fairness or what the economy should be. ... Positive economics is objective and fact-based where the statements are precise, descriptive, and clearly measurable.
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Positive is defined as good, looking towards the good side of things, showing certainty, showing the presence of an illness or substance, more than zero, or charged with positive electricity. An example of something positive is a good attitude
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