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प्रश्न
State one example of positive economics.
उत्तर
Example of Positive Economics which is based on facts and purely objective: Lower income taxes result in lower unemployment.
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Positive and Normative Economics
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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संबंधित प्रश्न
What is a market economy?
What do you understand by positive economic analysis?
What do you understand by normative economic analysis?
Identify and discuss the nature of the following newspaper reports in terms of positive or normative economic analysis:
(i) "India jumped 23 points in the World Bank's ease of doing business index to 77th place, highest in 2 years." – The Economic Times
(ii) "Government should further liberalise the business rules." – The Economic Times
Distinguish between positive economics and normative economics, with suitable examples.
