व्हाट डू यू अंडरस्टैंड बाय पॉजिटिव इकोनामिक एनालिसिस
Answers
Explanation:
Positive economics uses objective analysis in the study of economics. Most economists look at what has happened and what is currently happening in a given economy to form their basis of predictions for the future. ... Conversely, a normative economic study will base future predictions on value judgments
Economic analysis helps charities and their funders compare the value of the impact created by a social intervention with the cost of creating it. These comparisons help decide how best to allocate resources.
Methods of Economic Analysis
(i) Deductive method and.
(ii) Inductive method.
1 Identification of a problem.
2 formulation of hypothesis (a hypothesis is an assumption or an intelligent guess)
3 collection, organization and analysis of data.
4 formulation of conclusions.