Question
What is the difference between normative analysis and positive analysis? Is economics concerned mainly with normative analysis or positive analysis? Briefly explain.
Step 1
Positive analysis is concerned with what is, it deals with facts and concrete evidence. It is a statement of economics that can be verified to be either true or false and shows how the economy behaves. Show more…
Show all steps
Your feedback will help us improve your experience
Ulysses Ng and 60 other educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
What is the difference between a positive and a normative statement?
What is the difference between qualitative analysis and quantitative analysis?
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD