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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.
What else can I help you with?
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 positive economics and negative economics?
Positive economics deals with objective analysis and factual statements about economic phenomena, focusing on what is or what will be based on evidence and data. It seeks to describe and explain economic behavior without making value judgments. In contrast, normative economics involves subjective opinions and value-based statements about what ought to be, addressing questions of fairness, equity, and policy recommendations. Together, these two branches help to understand both the functioning of economies and the ethical implications of economic choices.
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 are the 2 pronouns that can subjective or objective?
Pronouns that can be objective or subjective are you, it, here, and where.
Find out about the objective and subjective determinants consumption?
subjective and objective determinants of consumption
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.
Is scoring in badminton subjective or objective?
Subjective
Is the opinion subjective or objective?
The opinion is subjective.
What is positive economics and negative economics?
Positive economics deals with objective analysis and factual statements about economic phenomena, focusing on what is or what will be based on evidence and data. It seeks to describe and explain economic behavior without making value judgments. In contrast, normative economics involves subjective opinions and value-based statements about what ought to be, addressing questions of fairness, equity, and policy recommendations. Together, these two branches help to understand both the functioning of economies and the ethical implications of economic choices.
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.
Is nausea subjective or objective data?
Objective
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
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.
How would you defend the proposition that economics is a true science?
Economics uses empirical models driven by mathematical tools and statistical data to reach objective, positive conclusions. When economics makes normative conclusions, all normative conclusions are not subjective in morality but use efficiency (as in other applied sciences) as the right outcome. In economics, as opposed to other social sciences, general, well-defined answers can be formulated and experimented on, like the physical sciences.
