What do you understand by positive economic analysis?


Economics as a positive science means the study of "what is" which means that what the present status is.

The positive economic analysis is the analysis of present economic position.


Suppose if I say that the wage rate per hour in the country is rupees 60 it is positive economic statement or if I describe the present education standard of the country it will be a positive economic statement.


Thus positive economic analysis deals with the things as they are their causes and effects. Here no judgements are passed.


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