Positive and normative economics answers

Positive economicsDescribes the economy using data, facts, and logic.Example: “An increase in tax reduces consumer spending.”Normative economicsGives value judgments or opinions.Example: “The government should lower taxes to help the poor.”Tip to rememberPositive = “what is”Normative = “what should be”

Answered by MaximoRykei | 2025-06-14