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1.What is meant by the terms positive economics and normative economics? 2.What is economics and why do we study it? 3.What are economic goods and

1.What is meant by the terms positive economics and normative economics?

2.What is economics and why do we study it?

3.What are economic goods and free goods?

4."The provision of education should be determined by the market." Give your reasons for and against the statement.

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