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Positive and normative economics

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Positive and normative economics

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Positive and normative economics

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Created by

Алсу Тагировна
Алсу Тагировна
Russian Federation

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Positive and normative economicsOnline version

Positive and normative economics

by Алсу Тагировна
1

Normative economics studies how the economy actually behaves.

2

Positive economics makes prescriptions about what should be done.

3

Given comprehensive research, scientists should agree on issues in positive economics.

4

Normative economics is based on personal value judgements.

 
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