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What Is the Difference Between Positive and Normative Economics?
What Is the Difference Between Positive and Normative Economics?
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Solution
The difference between positive and normative economics is that while positive economics is based on facts, normative economics is based on value judgments.
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Stay connected with BYJU’S for more such questions and answers on various commerce topics.
The difference between positive and normative economics is that while positive economics is based on facts, normative economics is based on value judgments.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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