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Difference Between postive or normative

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Difference Between postive or normative

Posted by Aman Negi 4 years, 8 months ago

CBSE > Class 11 > Economics

2 answers

Harman Sran 4 years, 8 months ago

Positive economic related with past, present, future. It may be true or false . And in normative economic related with opinion economist economic problems. It involve only opinions does not true or false. It involves value judgements.

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Deeya Malhotra 4 years, 8 months ago

Positive Economics is the real description of the economics it shows what and how the economic problems are actually solved it is not based upon individuals opinion. For example India is facing poverty Normative economics shows that how the economic problem should be solved it did not give a real description it is based on individual opinions for example India should take some steps to poverty

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CBSE > Class 11 > Economics