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Write two sentences each of positive and normative economics.

Asked by Topperlearning User 21st April 2016, 12:12 PM
Answered by Expert
Answer:

Positive economics studies the problem and its related issues which are subject to verification. The positive statements describe what was, what is and what would be under given set of situations.

Normative economics offers suggestion to solve the problem. The normative statements describe what ought to be.

Answered by Expert 21st April 2016, 2:12 PM
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