Question

what do you understand by positive economic analysis [(class 11) arts stream]​

Answer 1

Answer:

Positive economic analysis refers to the analysis in which we study what is or how an economic problem is solved by analysing various positive statements and mechanisms. These are factual statements and describe what was, what is and what would be.

Explanation:

Answer 2

Answer:

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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.

Positive Economic

The cornerstone of positive economic practice is to look at fact-based behavioral finance or economic relationships and the cause and effect interaction to develop economic theories. Behavioral economics follows a psychology-based premise that people will make rational financial choices based on the information they find around them.

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