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Distinguished between positive and normative economics

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Distinguished between positive and normative economics

Posted by Vikram Kumar Gupta 7 years, 1 month ago

CBSE > Class 11 > Economics

1 answers

Chesta Pawan Manchanda 7 years, 1 month ago

Positive economy is that which deals with the issues based on present thing what is ,what was and what will be . It can be verified on truth .these statements do not reflect any value judgements or opinion. Normative economy is the economics of what ought to be. It deals with opinion of the economist related to economic issue . These Statements reflect judgement or opinions .it can not be verified as truth.

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