Download App

Introduction of Micro-Economics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
What do you understand by positive economic analysis?
✓

Answer

Positive economic analysis is confined to cause and effect relationship. In other words, it states "what is". It relates to what the facts are, were or will be about various economic phenomena in the economics. eg., it deals with the analysis of questions like what are the causes of unemployment.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer The Following Questions In One Sentence.[1 Marks Each]" from Introduction of Micro-Economics→Introduction of Micro-Economics — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Give two examples of imposition of price floor in India.
→
What is the significance of revenue deficit?
→
Define a 'direct tax'.
→
Why does consumption curve not start from the origin?
→
Draw TC, TFC and TVC curves in a single diagram.
→
Under which market form a firm’s marginal revenue is always equal to price?
→
In which form of market, is the demand of a firm perfectly elastic?
→
A doctor has a private clinic in New Delhi and his annual earnings are ₹ 10 lakh. If he works in a government hospital in New Delhi, his annual earning will be ₹ 8 lakh. What is the opportunity cost of having a clinic in New Delhi?
→
What is meant by profit?
→
In the case of luxury items like diamond, decrease in demand decreases equilibrium price. Do you agree?
→