English, asked by beysong55, 3 months ago

How does positive economies differ from normative economics? Explain with illustrations. about 150 words

Answers

Answered by shilpisanjanakumari

0

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.

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