Concept information
Preferred term
positive economics
Definition
- Economists have long subdivided their discipline into two branches: positive economics and welfare economics. Positive economics aims to be scientifically descriptive (what is) and predictive (what will be) of objective facts. [Source: Encyclopedia of Business Ethics and Society; Positive Economics]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/positive_economics
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