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What is normative and positive economics

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Reference no: EM131491734

Economic Discussion

1. What is Normative and Positive Economics?
2. What is the difference?
3. Explain give Examples
4. Explain Circular flow of income.
5. What is P.P.F (Production Possibility Frontier)?
6. Why rationality is in Economics?

Write on page about this questions, answer them each by each.

Reference no: EM131491734

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