Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Topic started by: Md. Alamgir Hossan on April 11, 2017, 12:51:50 PM

Title: Positive Verses Normative Economics / Two ideologies of Economics:
Post by: Md. Alamgir Hossan on April 11, 2017, 12:51:50 PM
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.