Examlex
Instructions: Explain/Define the following terms.
Socrates
Empirical Measure
A method or metric that is based on observation or experience rather than theory or pure logic.
Causal Statement
A declaration that indicates a cause-and-effect relationship between two events or variables.
Positive Economics
A branch of economics that focuses on describing and explaining the economic world as it is, not as it should be.
Operation of Systems
The process of managing and executing the functions and activities of interconnected and interdependent components to achieve specified goals.
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