Difference between positive goods and normative …

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Difference between positive goods and normative goods

Posted by Rajendra Jadham 5 years, 11 months ago

CBSE > Class 11 > Economics

1 answers

Sia ? 4 years, 5 months ago

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

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