The differences between positive economics and normative economics are given below:
No
|
POSITIVE ECONOMICS.
|
NORMATIVE ECONOMICS.
|
1.
|
Positive
economics is based on data and facts.
|
Normative
economics is based on opinions and values.
|
2.
|
It
is based on what actually is.
|
It
is based on what ought to be.
|
3.
|
Statements
can be tested or proved.
|
Statements
cannot be tested.
|
4.
|
Describes
economic issues.
|
Provides
solution for economic issues based on values.
|
5.
|
It
depends on scientific logic and facts.
|
It
depends on ethical logic and value.
|
6.
|
It
deals with how economic problems are solved.
|
It
deals with how economic problem should be solved.
|
7.
|
Positive
analysis is independent of normative analysis.
|
Normative
analysis depends upon positive analysis.
|
No comments:
Post a Comment