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Explain normative economics and positive economic

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Explain normative economics and positive economic

Posted by Sana Khan 6 years, 2 months ago

CBSE > Class 11 > Economics

1 answers

Lavi Kapoor 6 years, 2 months ago

Positive Economics can be verifiable and verified with facts.Ex:- like 40℅ people of an area is below BPL.it can be verified Normative Economics can be suggestive in nature and can not be verified.Ex:-farmers should granted subsidies to ensure good returns on their investment

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