In the above conservation whose statements shows positive aspect of Economics?

Ram

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Shyam

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Both (a) and (b)

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Bhola

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Solution

The correct option is A Both (a) and (b)
The statements of both Ram and Shyam shows the positive aspect of economics and are therefore Positive statements.
Positive statements study the facts of life i.e. it deals with 'things as they are'. It deals with what are the economic problems and how are they actually solved. It explains the cause and effect relationship and avoids giving suggestions.

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