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Distinguish between positive and normative economic …

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Distinguish between positive and normative economic s

Posted by Pisa Kajik 3 years, 4 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 3 years, 4 months ago

Parameters	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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