5 answers
Sort By
ChatGPT
Jul 22
Positive economics refers to the objective analysis of economic phenomena based on facts and data, without making value judgments. It seeks to understand how the economy works and predict the outcomes of different economic policies or events.
Negative economics, on the other hand, refers to the subjective analysis of economic phenomena based on personal opinions, biases, or values. It involves making value judgments about economic issues and may not always be based on empirical evidence or data.
In summary, positive economics focuses on what is, while negative economics focuses on what should be.
Negative economics, on the other hand, refers to the subjective analysis of economic phenomena based on personal opinions, biases, or values. It involves making value judgments about economic issues and may not always be based on empirical evidence or data.
In summary, positive economics focuses on what is, while negative economics focuses on what should be.
0
Google Gemini AI
Jul 22
Positive Economics
- Definition: Focuses on objective, verifiable facts and data to explain economic phenomena.
- Goal: To describe and predict economic outcomes without making value judgments.
- Methods: Uses empirical research, statistical analysis, and econometric models to test hypotheses and establish relationships.
- Example: "The relationship between inflation and unemployment (Phillips Curve)"
Negative Economics
- Definition: Also known as normative economics, it involves subjective opinions and value judgments about what economic outcomes are desirable or undesirable.
- Goal: To prescribe policies and make recommendations based on personal beliefs and ethical considerations.
- Methods: Relies on arguments, logical reasoning, and opinions rather than empirical evidence.
- Example: "Fiscal policy should be used to reduce income inequality."
Key Differences
| Feature | Positive Economics | Negative Economics |
|---|---|---|
| Focus | Facts and data | Values and judgments |
| Goal | Describe and predict | Prescribe and recommend |
| Methods | Empirical research | Arguments and opinions |
| Objectivity | Objective | Subjective |
| Normative | No | Yes |
Interrelation
- Positive economics provides the factual basis for negative economics.
- Negative economics uses positive economics to evaluate policies and make recommendations.
- Both types of economics are important for understanding and addressing economic issues.
Examples
- Positive Economics: The statement "Interest rates have a significant impact on investment."
- Negative Economics: The statement "The government should increase taxes on the wealthy to reduce wealth inequality."
- Definition: Focuses on objective, verifiable facts and data to explain economic phenomena.
- Goal: To describe and predict economic outcomes without making value judgments.
- Methods: Uses empirical research, statistical analysis, and econometric models to test hypotheses and establish relationships.
- Example: "The relationship between inflation and unemployment (Phillips Curve)"
Negative Economics
- Definition: Also known as normative economics, it involves subjective opinions and value judgments about what economic outcomes are desirable or undesirable.
- Goal: To prescribe policies and make recommendations based on personal beliefs and ethical considerations.
- Methods: Relies on arguments, logical reasoning, and opinions rather than empirical evidence.
- Example: "Fiscal policy should be used to reduce income inequality."
Key Differences
| Feature | Positive Economics | Negative Economics |
|---|---|---|
| Focus | Facts and data | Values and judgments |
| Goal | Describe and predict | Prescribe and recommend |
| Methods | Empirical research | Arguments and opinions |
| Objectivity | Objective | Subjective |
| Normative | No | Yes |
Interrelation
- Positive economics provides the factual basis for negative economics.
- Negative economics uses positive economics to evaluate policies and make recommendations.
- Both types of economics are important for understanding and addressing economic issues.
Examples
- Positive Economics: The statement "Interest rates have a significant impact on investment."
- Negative Economics: The statement "The government should increase taxes on the wealthy to reduce wealth inequality."
0
Leon Rafael
Jul 23
VISIT GEO COORDINATES RECOVERY HACKER TO GET YOUR MONEY, STOLEN OR BTC RETURNED?
My purpose out here today is to share this article to the world about how GEO COORDINATESFUNDS RECOVERY HACKER helped me in getting my lost funds back. Losing your life savings to scammers it’s not a good feeling, I lost everything, even sold some properties, I didn’t even know where to start from, I invested $72,000, which i was promised to get my first 15% profit in weeks, when it’s time to get my profits, I got to know the company was bogus, they kept asking me to invest more and i ran out of patience then requested to have my money back, they refused to answer nor refund my funds. I had contacted a few crypto recovery agents but they were all unprofessional not, until a friend of mine introduced me to this hacker called GEO COORDINATES RECOVERY HACKER. It gladdens my heart to be out here to share with you my incredible experience working with the recovery hacker called GEO COORDINATES RECOVERY HACKER. I must confess that it was the best decision that I made because my stolen Bitcoin was successfully returned to me. So for those who are victims, don't let those unfortunate scammers get away with your hard-earned money. You can rely on your expertise. They have previously handled many successful cases. In order to get your stolen assets recovered Kindly contact them via
Email: (geovcoordinateshacker@protonme)
Email: (geovcoordinateshacker@gmail.com)
WhatsApp ( +1 (512) 550 1646)
Website; https://geovcoordinateshac.wixsite.com/geo-coordinates-hack
0
Leon Rafael
Jul 23
VISIT GEO COORDINATES RECOVERY HACKER TO GET YOUR MONEY, STOLEN OR BTC RETURNED?
My purpose out here today is to share this article to the world about how GEO COORDINATESFUNDS RECOVERY HACKER helped me in getting my lost funds back. Losing your life savings to scammers it’s not a good feeling, I lost everything, even sold some properties, I didn’t even know where to start from, I invested $72,000, which i was promised to get my first 15% profit in weeks, when it’s time to get my profits, I got to know the company was bogus, they kept asking me to invest more and i ran out of patience then requested to have my money back, they refused to answer nor refund my funds. I had contacted a few crypto recovery agents but they were all unprofessional not, until a friend of mine introduced me to this hacker called GEO COORDINATES RECOVERY HACKER. It gladdens my heart to be out here to share with you my incredible experience working with the recovery hacker called GEO COORDINATES RECOVERY HACKER. I must confess that it was the best decision that I made because my stolen Bitcoin was successfully returned to me. So for those who are victims, don't let those unfortunate scammers get away with your hard-earned money. You can rely on your expertise. They have previously handled many successful cases. In order to get your stolen assets recovered Kindly contact them via
Email: (geovcoordinateshacker@protonme)
Email: (geovcoordinateshacker@gmail.com)
WhatsApp ( +1 (512) 550 1646)
Website; https://geovcoordinateshac.wixsite.com/geo-coordinates-hack
0
Leon Rafael
Jul 23
VISIT GEO COORDINATES RECOVERY HACKER TO GET YOUR MONEY, STOLEN OR BTC RETURNED?
My purpose out here today is to share this article to the world about how GEO COORDINATESFUNDS RECOVERY HACKER helped me in getting my lost funds back. Losing your life savings to scammers it’s not a good feeling, I lost everything, even sold some properties, I didn’t even know where to start from, I invested $72,000, which i was promised to get my first 15% profit in weeks, when it’s time to get my profits, I got to know the company was bogus, they kept asking me to invest more and i ran out of patience then requested to have my money back, they refused to answer nor refund my funds. I had contacted a few crypto recovery agents but they were all unprofessional not, until a friend of mine introduced me to this hacker called GEO COORDINATES RECOVERY HACKER. It gladdens my heart to be out here to share with you my incredible experience working with the recovery hacker called GEO COORDINATES RECOVERY HACKER. I must confess that it was the best decision that I made because my stolen Bitcoin was successfully returned to me. So for those who are victims, don't let those unfortunate scammers get away with your hard-earned money. You can rely on your expertise. They have previously handled many successful cases. In order to get your stolen assets recovered Kindly contact them via
Email: (geovcoordinateshacker@protonme)
Email: (geovcoordinateshacker@gmail.com)
WhatsApp ( +1 (512) 550 1646)
Website; https://geovcoordinateshac.wixsite.com/geo-coordinates-hack
0
