As positive economics describe economic programs, situations, and conditions as they exist, normative economics …

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Post about Positive economics vs normative economics

NegativeNegative is the opposite of positive economics; it describes the problems with the way society is run, with the situation as it exists today and the conditions that exist. Negative economics deals with the problems of the present by pointing out the negative consequences of the way things are, the situation we find ourselves in and the conditions we face. Negative economic systems deal with problems by offering a negative solution, such as the abolition of money. PositivePositive economics describes the positive reasons and solutions for how we should deal with the present and future. Positive economic systems aim to reduce the suffering of people by offering a solution that alleviates their wants. Positive systems offer a more compassionate approach to society. NegativeNegative economics describes the problems and consequences of the present by pointing out the negative aspects of society and the problems we face. Negative systems deal with problems by offering a negative solution, such as the total abolition of the capitalist system.

Post about Positive economics vs normative economics