“Economics is a positive science”. Explain this statement. – InterviewSolution

1.	“Economics is a positive science”. Explain this statement.
Answer» As a positive science, economics explains the relationship between causes and effects. It explains-what it is? Why it happens? and how it happens? It cannot tell anything about the merits and demerits of economic activities, their correctness or faults. That is based on discretion and prudence.

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