Positive Economics
Positive economics is a branch of economics that focuses on objective analysis and factual statements about economic phenomena. It seeks to describe and explain economic behavior and relationships as they are, without making judgments or prescribing policies. In essence, positive economics deals with "what is" rather than "what ought to be."
Key characteristics of positive economics include:
1. Objective Analysis: Positive economics strives to be objective and unbiased in its analysis of economic events and phenomena. It relies on empirical evidence, data, and observations to ___ __________ ________ ________ ___ ________ ____ _______ ___ ___.
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