what is meant by positive economies
Answers
Answered by
0
Answer:
Positive economics is a stream of economics that focuses on the description, quantification, and explanation of economic developments, expectations, and associated phenomena. It relies on objective data analysis, relevant facts, and associated figures.
Answered by
0
Answer:
Positive economics is a stream of economics that focuses on the description, quantification, and explanation of economic developments, expectations, and associated phenomena. It relies on objective data analysis, relevant facts, and associated figures.
Explanation:
An example of positive economics is, “an increase in tax rates ultimately results in a decrease in total tax revenue”. On the other hand, an example of normative economics is, “unemployment harms an economy more than inflation”.
Similar questions