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Positive, it's all about having objectives that can be tested, amended or rejected with the help of evidence or an objective explanation.
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What the difference between positive economics and normative economics?
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.
What are two subfields into which economics is divided and explain it?
The two subfields of economics are positive statements and normative statements.
What is difference between normative and positive economics?
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
What is the positive and normative analysis in economics?
A positive analysis is a statement of what is. The truth. Purely descriptive statements or scientific predictions.A normative analysis is a statement of what ought to be. Analysis involving value judgments.
When you study individual markets or consumers you are primarily concerned with what normative economics Macroeconomics Microeconomic or Positive Economics?
come again???
What the difference between positive economics and normative economics?
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.
What is the difference between positive and normative economics?
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.
Saddam Hussein used weapons of mass destruction in the 1980 is it positive or normative economics?
normative
What are two subfields into which economics is divided and explain it?
The two subfields of economics are positive statements and normative statements.
What is difference between normative and positive economics?
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
What is the positive and normative analysis in economics?
A positive analysis is a statement of what is. The truth. Purely descriptive statements or scientific predictions.A normative analysis is a statement of what ought to be. Analysis involving value judgments.
When you study individual markets or consumers you are primarily concerned with what normative economics Macroeconomics Microeconomic or Positive Economics?
come again???
Is economics is a positive science or a normative science?
Economics aims to be a positive science since, by definition, science is a positive enterprise. Normative evaluation necessarily implies valuation of specific types of outcomes over others, which would invalidate typical economic analysis by defending theory by using philosophy, especially ethics, instead of mathematics, statistics, and logic. While normative evaluation is important in the application of economics, especially in the field of social welfare, it is considered taboo by economists to establish economic theory, rationally or empirically, on normative science.
Characteristics of managerial Managerial economics?
It is mostly Micro economics and sometimes Macro economics It is application of economics in business management It helps to seek cost effective solutions hence it is normative in approach it is pragmatic in nature It is prescriptive in approach
Why does the distinction between positive and normative statement matter for economics?
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.
Economics is what it ought to be statement refers to?
Normative Economics
What are the classifications of economics?
classification of economics 1-Applied economics 2-Theoretical economics i)Welfare economics ii)Positive economics(i-Micro economics,ii-Macro economics,iii-Mathematical economics)
