Difference between positive and normative economics? …

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Posted by Samara Pathan 8 years, 10 months ago
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Naveen Sharma 8 years, 10 months ago
Ans. Positive economics is objective and fact based, while normative economics is subjective and value based.
Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. Normative economic statements are opinion based, so they cannot be proved or disproved
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