Positive and Normative Economics

Positive and Normative Economics


Positive Economics

Positive economics is the study of the economy as they actually are or as they actually happen. To find whether it's a positive statement you can check whether it answers one of the following question.

  • What is existing in the real world?
  • What is happening? 

Normative Economics

Normative economics discuss what should happen in real world…


No comments have yet been made

Similar Economics resources:

See all Economics resources »See all Positive Economics resources »