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POSITIVE ECONOMICS

(noun)

Definitions

There is 1 meaning of the phrase Positive Economics.

Positive Economics - as a noun

The branch of economics that concerns the description and explanation of economic phenomena.

Example: "There is a large part of the economics of education that is explicitly about the development of a positive economics of the demand for schooling that has no policy implications, even if nap were true."

Example Sentences

"In positive economics, economists study how the economy actually works rather than how it should work."
"The goal of positive economics is to provide an accurate description and explanation of economic behavior."
"Economists use positive economics to understand the factors that influence consumer spending."
"Economists use positive economics to study the effects of taxation on economic growth."
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