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what is economic
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what is economic Related: what are Positive and Normative Economics? ...
Positive Economics refers to a science which is based on data and facts. ... Positive economics explains cause and effect relationship between variables. On the other hand, normative economics pass value judgments. The perspective of positive economics is objective while normative economics have a subjective perspective........
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what is economic Related: what are Positive and Normative Economics? ...
Positive economics is based on facts and figures and verifiable for truth and these statements do not involve any value judgement it gives problem also
normative economics is that economics which is related with the result what it ought to be and leads to controversies and debates and involves value judgement it gives solution also
normative economics is that economics which is related with the result what it ought to be and leads to controversies and debates and involves value judgement it gives solution also
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what is economic Related: what are Positive and Normative Economics? - Economics
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what is economic Related: what are Positive and Normative Economics? - Economics for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is economic Related: what are Positive and Normative Economics? - Economics covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is economic Related: what are Positive and Normative Economics? - Economics.
what is economic Related: what are Positive and Normative Economics? - Economics for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what is economic Related: what are Positive and Normative Economics? - Economics covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what is economic Related: what are Positive and Normative Economics? - Economics.
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