NURSING ANM AND GNM

Detailed explanation-1: -Positive economics is objective and fact-based where the statements are precise, descriptive, and clearly measurable. These statements can be measured against tangible evidence or historical instances. There are no instances of approval-disapproval in positive economics.

Detailed explanation-2: -“Positive theory is a theory that tries to explain how the world works in a value-free way, while a normative theory provides a value-based view about what the world ought to be like or how it should to work. In general, positive theories express what is, while normative theories express what ought to be.”

Detailed explanation-3: -A statement of fact or a hypothesis is a positive statement. Note also that positive statements can be false, but as long as they are testable, they are positive.

Detailed explanation-4: -Positive statements are objective theories that can be tested. Normative statements, on the other hand, are subjective. They involve the use of opinions and value judgments and are often based on personal opinions.

Detailed explanation-5: -Key Differences Between Positive and Normative Economics Positive Economics refers to a science which is based on data and facts. Normative economics is described as a science based on opinions, values, and judgment. Positive economics is descriptive, but normative economics is prescriptive.