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Differentiate between normative and positive economics.

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Differentiate between normative and positive economics.

    • Posted by Dhruv .. 5 years, 2 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Yogita Ingle 5 years, 2 months ago

    Basis for Differentiation Positive Economics Normative Economics
    Meaning A part of economics grounded on the information and certainty is positive economics. A part of economics grounded on values, perspectives and discernment is normative economics.
    Nature Illustrative Dictatorial
    Outlook Objective Subjective
    Deals with? What actually is? What has to be?
    Testing (Trial) Statements can be tested Statements cannot be tested
    Economic problems Evidently elucidates the economic concerns and issues. Provides a solution for the economic concerns, based on the value

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    Abhinab Sahu 5 years, 2 months ago

    I am Abhinab Sahu dhruv .

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