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what is normative and positive statement ? Plz explain it...

Posted by Kunal Singh 7 years, 6 months ago

CBSE > Class 11 > Economics

1 answers

Alisha Wadhwa 7 years, 6 months ago

Positive economics means economics which can be measured in facts and figures and can be verified. Example: poverty line in india is 50.28 which can be measured in facts and figures and we can verify it. Normative economics refers to the statements which can not be measured in facts and figures and can not be verified... It includes what was,what would be and what ought to be.Example:. Pensions mudt be stopped, it is just a statement, it can not be measured in facts and figures and can not be verified.

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