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Difference between positive economics and normative economics

Asked by sreenathsnair123 11th February 2019, 8:23 AM
Answered by Expert
Positive and Normative Economics


Positive Economics

Normative economics


Studies with what is or how the economic problem are originally solved.

Studies with what ought or how the economic problem should be solved.


It can be verified with original data.

It cannot be verified with original data.


It aims to provide original description of an economic activity.

It aims to determine the principles.


It is based on set of collected facts.

It is based on opinion of the individual.


Prices and inequalities of income level in an economy.

Government should generate more employment opportunities.

Answered by Expert 11th February 2019, 9:07 AM
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