Author Topic: Positive Verses Normative Economics / Two ideologies of Economics:  (Read 323 times)

Offline Md. Alamgir Hossan

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Positive Economics:
Positive economics statement does not have to be correct, but they must be able to be tasted and proved or disproved .Example: Which rules have all peoples can acceptable so this is positive economics.
Normative Economics:
Normative Economics statements are opinion based, so they cannot be proved or disproved.
Example: All people have increased by locality and foods have increased by geometry.