wiz-icon
MyQuestionIcon
MyQuestionIcon
20
You visited us 20 times! Enjoying our articles? Unlock Full Access!
Question

As per Robbins definition, Economics is a ______

A
Normative science
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Positive science
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Negative science
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Positive Art
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Positive science

Positive science- It does a cause and effect analysis. Economics is both positive and normative science. positive science answers about what is or how the economic problem facing a society are actually solved. thus, in positive economics we study human decision as facts which can be verified with actual data. Therefore as per Lord Robbins economics is positive science.


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Wealth of an Economy
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon