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what is difference between normative and positive economics?

April 26, 2017difference Economics normative positive

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what is difference between normative and positive economics?

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Answer Normative economics deals mostly with value judgements regarding the economy. It focuses on what a good economy should look like and what should be recommended to get there. Whereas, a positive economy focuses only on factual information, statistics, and scientific formula to determine what the economy should look rather than value of judgement discussion.