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It is both. Of course there are certain elements of economics that are undoubtedly objectively true, however, positive economics more often than not bases its conclusions on assumptions, and so, by the very fact of using these assumptions to arive at an objective truth, you are making a value judgement, therefore, more often than not, positive statements are objective conclusions based on subjective premises.
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Is micro economics positive or normative?
Positive, it's all about having objectives that can be tested, amended or rejected with the help of evidence or an objective explanation.
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.
Examples of positive and normative statements?
Positive economics deals with objective explanation and the testing and rejection of theories. Positive statements are objective statements that can be tested or rejected by referring to the available evidence.For example:A rise in consumer incomes will lead to a rise in the demand for new cars.A fall in the exchange rate will lead to an increase in exports overseas.Normative statements express an opinion about what ought to be. They are subjective statements rather than objective statements - i.e. they carry value judgments.For example:The level of duty on petrol is too unfair and unfairly penalizes motorists.The government is right to introduce a ban on smoking in public places.
Examples of positive economics?
what is positive economics and its examples
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 the 2 pronouns that can subjective or objective?
The pronouns "you" and "it" can serve as both subjective and objective pronouns.
Find out about the objective and subjective determinants consumption?
subjective and objective determinants of consumption
What is the difference between subjective and objective feedback?
Subjective is opinions and objective is facts.
What difference between objective and subjective morality?
Objective morality refers to moral rules or principles that are universal and independent of personal beliefs or opinions. Subjective morality, on the other hand, is based on personal feelings, beliefs, or opinions and can vary from one person to another. Objective morality tends to be fixed and unchanging, while subjective morality may be more flexible and open to interpretation.
Is whom possessive subjective or objective?
"Whom" is an objective pronoun used as the object of a verb or preposition in a sentence. It is not possessive.
Is scoring in badminton subjective or objective?
Subjective
Is nausea subjective or objective data?
Objective
Is micro economics positive or normative?
Positive, it's all about having objectives that can be tested, amended or rejected with the help of evidence or an objective explanation.
What is the difference between objective writing and subjective?
what is the difference between subjective and objective writing
Is intent in torts objective or subjective?
It can be both objective or subjective. Should have known, vs. Did know
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.
How do you differentiate philosophy from the positive science?
Sience is objective and requires empiracle evidence. Philosophy is subjective and does not require empiracle evidence.
