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In positive economics, the facts are merely stated. The term "positive" isn't used to imply that economists always convey good news, of course, and economists often make very, well, negative-positive statements. This clear differentiation between positive and normative economics has been very helpful because a normative statement makes it easier for the common man to understand the implications of a factual statement. Learn vocabulary, terms, and more with flashcards, games, and other study tools. 4.When positive economics gives out factual statements, the normative economics gives out judgments. Normative economics contrasts with positive economics, which aims to describe the economic world as it really is, instead of … 3.In normative economics, an economy is considered ideal after discussing the ideas and judgments. Positive Economics.txt from ECON 104 at Pennsylvania State University. Transcripts of ECON104-Lec2-6 Okay, so some more … This is called positive reasoning, and the conclusions are called positive statements. But positive economics is not concerned with the question of how income should be distributed. Summary of Positive vs Normative Statements. On the other hand, normative economics is concerned with describing what should be the things. The first type of activity is economic science, based on theories and evidence, where researchers attempt to determine how the world (or at least the economy) works. Positive vs. normative economics. Positive economics is based on facts or what is really going on in the economic field. Thus the words 'should', 'ought to' or 'it is better to' frequently occur. It is, therefore, also called prescriptive economics. Positive Analysis . When you hear economists making normative statements, you know they have crossed the line from scientist to policy adviser. Start studying Positive and Normative Economics. The validity of normative statements can never be tested. Positive economics is concerned with the development and testing of positive statements about the world that are objective and verifiable. It makes a speciality of tips and intent-and-influence relationships and entails the progress and trying out of economics theories. View Lecture - L02 Normative vs. Yet often the goal of economics is to improve how the economy works. Normative statements derive from an opinion or a point of view. A positive statement is an assertion about how the world is. While normative economics talks about what ought to be, positive economics deals only with what is (facts). Positive economics is the department of economics that issues the description and explanation of fiscal phenomena (Wong, 1987, p. 920). Main Difference – Positive vs Normative Economics Positive and normative economics can be identified as two major branches of economic reasoning. 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