positive economics

  

Definition

Study of economics concerned with "what is" and "what will happen" if a course of action is taken or not taken. In contrast, normative economics is concerned with "what should or ought to be."

Use positive economics in a sentence

  • I learned how positive economics worked and it made me confident to get out into the real market and do my thing.

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  • You need to know what the positive economics of a plan are and try to steer it in that direction at all times.

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  • You should look for ways to ensure that your product finds its way to the positive economics side of things.

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