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

Positive Economics and Normative Economics are two branches of economics that serve different purposes and have distinct methodologies. Here's how they differ and why one might be preferred over the other in certain contexts:

1. Positive Economics:

   • Description: Positive economics is concerned with the objective analysis of economic phenomena. It focuses on explaining how things work, without making value judgments or expressing opinions on whether they are good or bad.
   • Methodology: Positive economics relies on empirical data, facts, and observable evidence to develop economic theories and make predictions. It aims to provide an accurate, objective description of economic behavior and outcomes.
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