Methodology of Economics Positive Economics An economic analysis that considers economic 5'3} conditions as they are or considers economics'' as it is. It uses objective
Methodology of Economics Positive Economics An economic analysis that considers economic 5'3} conditions "as they are" or considers economics'\"'" "as it is." It uses objective or scientific explanations in analyzing the different transactions in the economy. Normative Economics An economic analysis that judges' economic conditions "as it should be\". It deals with the formulation of policies to regulate economic activities and ethics and personal value that is concerned with human welfare
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