4 differences between positive and normative economics?

1.	4 differences between positive and normative economics?
Answer» Key Differences Between Positive and Normative Economics\tPositive Economics refers to a science which is based on data and facts. Normative economics is described as a science based on opinions, values, and judgment.\tPositive economics is descriptive, but normative economics is prescriptive.\tPositive economics explains cause and effect relationship between variables. On the other hand, normative economics pass value judgments.\tThe perspective of positive economics is objective while normative economics have a subjective perspective.\tPositive economics explains ‘what is’ whereas normative economics explains ‘what should be’.\tThe statements of positive economics can be scientifically tested, proved or disproved, which cannot be done with statements of normative economics.\tPositive economics clearly define economic issues. Unlike normative economics, in which the remedies are provided for the economic issues, on the\xa0basis of value judgment.

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