|
|
|
|
|
Positive EconomicsPositive economics is the part of economics that focuses on facts and cause-and-effect relationships. It includes description, theory development and theory testing (theoretical economics). Positive economics avoids value judgements, tries to establish scientific statements about economic behavior, and deals with what the economy is actually like. Such scientific-based analysis is critical to good policy or normative economics.
|
 |
|
| Copyright 2005-2009 OnPedia.com. All Rights Reserved |
|
|