Explanation:

Positive economics is concerned with the study of what is. It focuses on the objective analysis of economic data and facts. Positive economics is based on scientific methods and involves the use of empirical evidence to test economic theories and hypotheses. Positive economics is also known as descriptive economics.

Positive economics is concerned with answering questions such as:

- What are the causes of inflation?
- How does a change in interest rates affect economic growth?
- What is the impact of a tax on consumer behavior?

Positive economics is an important tool for policymakers, as it provides them with objective data and information that they can use to make informed decisions. For example, if policymakers want to know the effects of a particular policy on the economy, they can use positive economics to analyze the data and determine the likely outcomes of the policy.

In contrast, normative economics is concerned with what ought to be. Normative economics involves making value judgments and evaluating economic policies based on moral, ethical, and political considerations. Normative economics is subjective and depends on individual opinions and beliefs.

Positive economics is important because it enables us to understand how the economy works. By analyzing economic data and trends, we can gain insights into economic behavior and make predictions about future economic outcomes. This knowledge can be used to inform policy decisions and improve economic outcomes for individuals and society as a whole.

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