Economy, asked by TavishChauhan, 4 months ago

what is the difference between Positive Economic and Normative Economics ​

Answers

Answered by GAMINGPARAS
2

Answer:

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments

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Answered by aaaanishns
2

Answer:

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

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