Make in India is positive economic or normative economic
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- Agricultural Sector: One of the most important sectors of the Indian economy remains Agriculture. ...
- Industry Sector: Another important part of the Indian economy is the Industry sector. ...
- Services Sector: ...
- Food Processing: ...
- Manufacturing Sector:
Explanation:
Positive economics describes and explains various economic phenomena or the "what is" scenario. Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." ... Most public policy is based on a combination of both positive and normative economics
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