Economics is concerned only with study of economic decisions of individuals, and not with the moral or ethical aspects thereof. This statement considers economics as ____________.

positive science

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normative science

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both (a) and (b)

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neither (a) nor (b)

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Solution

The correct option is C positive science
Positive science describes the matter of the presence of the subject with proven facts and figures with careful observations and repeated experiments that does not contains valued judgement i.e. does and does not for social welfare.

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