Distinguish between positive and normative economics. Which one should be preferred and why?

Positive economics and normative economics are two different approaches to studying and analyzing economic phenomena. Positive economics is concerned with describing and explaining the economic world as it is, while normative economics deals with evaluating and prescribing what should be.

Positive economics is based on empirical observation and analysis of data. It _____ _________ ____ ___ _____ _________ _____ ________ _____.
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