Distinguish between positive and normative economics? In what sense is economics a science?

Positive and normative economics represent two distinct branches of economic thought, each serving a unique purpose in understanding and addressing economic phenomena. Their distinction lies in their objectives, methodology, and implications for policymaking.

Positive Economics

Positive economics deals with objective, factual statements about economic phenomena. It is descriptive in nature and focuses on "what is" rather than "what ought to be." Positive economics relies on empirical evidence, data analysis, and logical reasoning to explain economic behavior and outcomes.

Key Features of Positive Economics:

1. Objectivity: It strives to remain free of personal values, biases, or judgments, focusing on factual and observable relationships.
2. Testability: Positive statements can be tested against real-world data to determine their validity. For example, "An increase in the price of gasoline will lead to a decrease in its demand" _________ ______ ______ ________ _______ ____ _______ ________ _________.
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