Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
Positive Economics is the branch of economics that concerns the description and explanation of economic phenomena. Normative economics is the study of economics that attempts to determine the desirability of different economic conditions.
Normative Economics is the branch of economic analysis that makes prescriptions about the way the economy should work. Positive Economics is the branch of economic analysis that describes the way the economy actually works. Thanks To Louguens Charles
A positive normative is one which can be examined by referring to facts i.e 80% of your microeconomics class is made up of females. while a normative statement cannot be tested by examining facts it is an opinion or value judgement.
Normative theory is used to advise what methods should be used for accounting. Positive accounting theory explains and predicts accounting as it is currently happening.
Markowitz is a normative theory while CAPM is a positive theory.
Normative ethics is concerned with establishing moral standards or norms for evaluating actions as right or wrong, whereas non-normative ethics focuses on describing and analyzing ethical concepts, beliefs, and behaviors without prescribing what ought to be done. In simpler terms, normative ethics tells us what is right or wrong, while non-normative ethics explores the nature of ethics.
what is difference between msc economics and ma economics
difference between economics and managerial economics
A Normative Theory expresses a judgment about whether a situation is desirable or undesirable, and is based upon some moray or standard. The world would be a better place if the moon were made of green cheese, is a normative statement because it expresses a judgment about what ought to be. Notice that there is no way of disproving this statement. If you disagree with it, you have no sure way of convincing anyone, who believes the statement, that it is incorrect.A Positive Theory expresses an opinion on a condition, assuming what is, and that contains no indication of approval or disapproval and is not based on any standard. Notice that a positive statement can be incorrect. The moon is made of green cheese, is incorrect, but it is a positive statement because it is a statement about what exists.
positive
i want to know the difference between economics and natural sciences
The difference is that Economy is a system and Economics is the study of something.