Positive Economics is that perspective of economics which studies the facts of life. It deals with things as they are. It does not focus on how things should be instead of how it should be or trying to alter it. Positive economics is a contrasting perspective as compared to normative economics. Topic What is Positive … Read more
What is Normative Economics? Microeconomics Class 11 Notes Normative economics is that part or perspective of economics which gives value judgement or normative judgments about the outcome of the economy or what the goals of public policy ought to be. It tells us ‘what ought to be’. Topic What is Normative Economics? Subject Microeconomics Category … Read more
What is Macroeconomics? Microeconomics Class 11 Notes The study of economics is divided into two major sub fields – Microeconomics and Macroeconomics. Macroeconomics is the branch of economics which deals with the overall performance of the economy as a whole. Topic What is Macroeconomics? Subject Microeconomics Category CBSE Economics Class 11 Notes What is Macroeconomics … Read more
What is Microeconomics? Microeconomics Class 11 Notes Economics is a social science that studies the way society chooses to use its limited resources, which have alternate uses, to produce goods and services and to distribute them among different groups of people. The study of economics can be broadly divided into two branches Microeconomics and Macroeconomics. … Read more
What is Economics Class 11 Notes Microeconomics What is economics class 11 is a question that every student must ask before beginning their journey of economics for better understanding. These notes are important and helpful for students preparing for tests and exams. What is economics Unlimited wants Scarcity of resources Define Economics class 11 Economics … Read more