Difference Between Positive and Normative Economics

Notes | Commerce
Difference Between Positive and Normative Economics
For: Management Class 11

As we know that economics is a science and positive and normative economics are the two different aspects of economics. Positive economics studies the real nature of the subject and normative economics studies the facts not as they are but as they ought to be. So, there are several differences between positive and normative economics which are as follows:-

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