Positive economics involves describing, explaining, or predicting economic events.

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Positive economics deals with objective analysis of economic phenomena, focusing on how things are, how they work, and how they can be measured or quantified. It uses empirical data and scientific methods to test and validate theories or hypotheses about economic behavior, without making normative judgments or value-based assumptions. Its main goal is to provide accurate and reliable information about economic facts, trends, and patterns, which can be used by policymakers, business managers, or individuals to make informed decisions based on rational criteria.

Positive Economics Involves Describing, Explaining, or Predicting Economic Events