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what is difference between normative and positive economics
?
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what is difference between normative and positive economics Related: ...
Normative economics
 focuses on the value of 
economic
 fairness, or what the economy "should be" or "ought to be." While 
positive economics
 is based on fact and cannot be approved or disapproved, 
normative economics
 is based on value judgments
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what is difference between normative and positive economics Related: Chapter Notes - Introduction to Micro Economics?
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