Question
Distinguish between positive and normative economics.
Answer :
Word Count : 253
Positive economics and normative economics are two fundamental branches of microeconomics that differ in their approach and purpose. Positive economics deals with objective analysis of economic phenomena. It focuses on describing, explaining, and predicting economic events based on facts, data, and cause-effect __________ _______ _______ _______ ______ _________ _______ ___ ____.
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Positive economics and normative economics are two fundamental branches of microeconomics that differ in their approach and purpose. Positive economics deals with objective analysis of economic phenomena. It focuses on describing, explaining, and predicting economic events based on facts, data, and cause-effect __________ _______ _______ _______ ______ _________ _______ ___ ____.
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