Why is an understanding of the difference between positive economics and normative economics important for the real-world

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Why is an understanding of the difference between positive economics and normative economics important for the real-world application of economic principles?

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Economics

ISBN: 9781319181949

5th Edition

Authors: Paul Krugman, Robin Wells

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Question Posted: Nov 18, 2024 03:01 AM

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Why is an understanding of the difference between positive economics and normative economics important for the real-world application of economic principles?
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Why is an understanding of the difference between positive economics and normative economics important for the real-world

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Economics

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