![]() ![]() This subdivision of economics relies on objective data analysis and relevant facts and figures. It concentrates on the description, quantification, and clarification of economic developments, prospects, and allied matters. Positive economics is the stream of economics that has an objective approach, relied on facts. ![]() We will look forward to discussing ‘What is Positive and Normative Economics?’, we will take up the point of conflict between these two studies and also update ourselves with other knowledgeable facts on the same topic. Well, this was only a preface about the entire discussion. In lucid language, positive economics answers the ‘what’ factor, whereas normative economics mandates the ‘should be’ or ‘ought to be’ section of economics. Positive economics deals with various economic phenomena, while normative economics focuses on what economics should be, this branch of economics talks about the value of the company’s fairness. Positive and Normative Economics is rightly known as the two arms of Economics. ![]()
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