According to J.N.Keynes-"positive science may be defined as a body of systematised knowledge concerning what is;a normative or regular science as a body of systematised knowledge relating to
criteria of what ought to be"In line with this A.asimakopuious says-"positive economics can be defined as a body of systematised knowledge concerning what is;while normative economics tries
to develop criteria for what ought to be."
positive economics is concerned with the description of economics events.It formulates the theories to explain them.It tries to follow scientific principles
and devise objectives tests of these theories.the ethical judgements have stronger role in normative economics.Normative economics focuses on personal value judgements.
According to Davide Begg
and other -"positive economics deals with objectives or scientific explanations of the working of the economy."
In brief positive economics studies how the economics actually behaves.The aim of positive economics is to explain how society makes decisions about consumption,production and
exchange of good and service.In positives economics,there is no scope for personal value judgements.We concerned with propositions of the form such as if is this changed,that will
happen.In this regard,positives economics is similar to the natural sciences such as physics or geology.As for example,when the governments imposes tax on goods,the price of those goods will
rise.All agree this.Likewise,favourable weather condition will increase grain output and reduced
the price of grains. This statements is also agreed by all.Many propositions in positives economics have widespread agreement among economics.
criteria of what ought to be"In line with this A.asimakopuious says-"positive economics can be defined as a body of systematised knowledge concerning what is;while normative economics tries
to develop criteria for what ought to be."
positive economics is concerned with the description of economics events.It formulates the theories to explain them.It tries to follow scientific principles
and devise objectives tests of these theories.the ethical judgements have stronger role in normative economics.Normative economics focuses on personal value judgements.
According to Davide Begg
and other -"positive economics deals with objectives or scientific explanations of the working of the economy."
In brief positive economics studies how the economics actually behaves.The aim of positive economics is to explain how society makes decisions about consumption,production and
exchange of good and service.In positives economics,there is no scope for personal value judgements.We concerned with propositions of the form such as if is this changed,that will
happen.In this regard,positives economics is similar to the natural sciences such as physics or geology.As for example,when the governments imposes tax on goods,the price of those goods will
rise.All agree this.Likewise,favourable weather condition will increase grain output and reduced
the price of grains. This statements is also agreed by all.Many propositions in positives economics have widespread agreement among economics.
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