Here in the U.S.A. that would mean the existing two party system of Reps and Dems, currently polarized into hostile ideological extremes of red and blue by financial elites that have literally usurped control of government at local, state and national levels.
what is the difference between global politics and international politics
despotism is just a different field of politics.
Markowitz is a normative theory while CAPM is a positive theory.
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 theory is used to advise what methods should be used for accounting. Positive accounting theory explains and predicts accounting as it is currently happening.
Politics and semantics
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.
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 theory focuses on what should be done based on ethical, moral, or societal principles, while historical cost theory values assets at their original purchase price. Normative theory considers broader implications and ethical considerations, while historical cost theory is more concerned with financial accuracy and reliability.
The difference between liberalism and mercantilism is economics driving politics v.s. politics driving economics. The liberals view of economics and politics as discrete, and very different. Mercantilists grant primacy through politics within the exclusion of all else. That's the real difference--ideological, not economical.
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 government, governs a political unit. Politics are a certain view individuals have on different ideas