Positive economics statesa)Central problems of an economybeb)What will c)What isd)What is supposed to beCorrect answer is option 'B'. Can you explain this answer?

Question

Answer

Positive economics is objective and fact based, while normative economics is subjective and value based. Positive economic statements must be able to be tested and proved or disproved. Normative economic statements are opinion based, so they cannot be proved or disproved.

Answer

It is a type of economice which related to Current situation of the economy...
It is objective and fact based...
Eg:--Population of india is 135 crore.

Answer

B) What will

Positive economics focuses on the objective analysis of economic phenomena and seeks to understand and explain how the economy actually functions. It is concerned with the 'what will' questions, which involve making predictions and forecasts based on available data and evidence. Positive economics aims to provide an accurate description of economic behavior and outcomes, without making value judgments or prescribing what should be done.

Key Points:

1. Objective Analysis: Positive economics is based on objective analysis rather than subjective opinions or personal beliefs. It relies on empirical data, facts, and evidence to understand and explain economic phenomena.

2. Predictions and Forecasts: Positive economics seeks to answer questions about what will happen in the economy. It involves making predictions and forecasts based on past trends, statistical models, and economic theories.

3. Descriptive Approach: Positive economics focuses on describing and explaining economic behavior as it is, without making value judgments or normative statements about what should be done. It aims to provide an accurate and objective understanding of economic phenomena.

4. Data-driven Analysis: Positive economics relies on data and evidence to support its analysis. It involves collecting and analyzing relevant economic data, conducting empirical research, and using statistical methods to draw conclusions.

5. Economic Models: Positive economics often employs economic models to understand and explain complex economic relationships. These models are based on assumptions and simplifications that allow economists to make predictions and test hypotheses.

6. Policy Neutrality: Positive economics does not advocate for specific policies or interventions. It focuses on describing the consequences of different economic actions or policies without making value judgments about their desirability.

Overall, positive economics is concerned with understanding and explaining how the economy works, making predictions and forecasts based on available data, and providing an objective analysis of economic phenomena. It provides a foundation for informed decision-making and policy formulation by offering insights into the likely outcomes of various economic actions and policies.

Answer

It has both the options (B & C)

Answer

Positive economics is related with economic problem of past present and future.

Top Courses for CommerceView all

Economics Class 12

Business Studies (BST) Class 12

Economics Class 11

Business Studies (BST) Class 11

Accountancy Class 12

Top Courses for Commerce

Top Courses for Commerce

Related Content

Commerce Courses

Other Courses

How To Prepare?

Related Exams

Company