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Differentiate between normative economics and positive …

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Differentiate between normative economics and positive econimics
  • 1 answers

Yogita Ingle 7 years ago

Positive economics Normative economics.
A branch of economics based on data and facts is positive economics. A branch of economics based on values, opinions and judgement is normative economics.
Analyses cause and effect relationship. Analyses cause and effect relationship.
Statements can be tested using scientific methods. Statements cannot be tested.
It clearly describes economic issue. It provides solution for the economic issue, based on value.

 

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