rahulsai630
Positive economics is objective and fact based, while normativeeconomics is subjective and value based. Positive economic statementsmust be able to be tested and proved or disproved. Normative economicstatements are opinion based, so they cannot be proved or disproved
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pandu1900
Positive economics is objective and fact based, while normativeeconomics is subjective and value based. Positive economic statementsmust be able to be tested and proved or disproved. Normative economicstatements are opinion based, so they cannot be proved or disproved.
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