Diferentiate between positiveeconomicsand economics – InterviewSolution

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1.	Diferentiate between positiveeconomicsand economics
Answer» e economics describes and explains various economicphenomena or the "what is" scenario. ... While POSITIVE economics is BASED on fact and cannot be approved or disapproved, NORMATIVE economics is based on value judgments. Most public POLICY is based on a COMBINATION of both positive andnormative economics.

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