Question

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what is positive economics ?¿​​

Answer 1

⚫ What is positive economics ?

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๛ Positive economics is the branch of economics concerned with describing and explaining economic phenomena.

๛ It focuses on facts and behavioural relationships of cause and effect and includes the development and testing of economic theories.

๛ The statements are precise, descriptive, and clearly measurable.

๛ An example of a positive economic statement is :- "Government-provided healthcare increases public expenditures." The statement is fact-based and has no value judgment attached to it.

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Answer 2

Positive economics is objective and fact-based where the statements are precise, descriptive, and clearly measurable. ... Here's an example of a positive economic statement: "Government-provided healthcare increases public expenditures." This statement is fact-based and has no value judgment attached to it.Positive economics explains how the world works. It is concerned with what is, rather than with what ought to be.

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