Question

explain the concept of positive and normative with illustration and details​

Answer 1

Explanation:

Positive economics describes and explains various economic phenomena, while normative economics focuses on the value of economic fairness or what the economy should be. To put it simply, positive economics is called the "what is" branch of economics.

Answer 2

Answer:

Positive economics describes and explain various economic phenomenon ,while normative economics focuses on the value of economic fairness or what economy should be.

To put it simply , positive economics are called the " what is " branch of economics ....

Explanation:

Hope you understand it.

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