Normative economics questions "What ought to be?" Positive economics predicts the consequences of alternative actions, answering the questions "What is?" or "What will be?"

Question

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Normative economics deals with value judgments and opinions, focusing on what the goals of the economy should be, hence the "What ought to be?" question. Positive economics, on the other hand, is based on factual statements and theories that can be tested, aiming to describe and predict economic phenomena without making value judgments, thus answering "What is?" or "What will be?".

Normative Economics Questions "What Ought to Be?" Positive Economics Predicts