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What is the difference between positive economic analysis and normative economic analysis? Give one example each of a positive and normative economic issue or question or statement.
Financial Performance Measures
Metrics used to assess a company's financial health, including profitability, liquidity, and solvency ratios.
Non-Financial Performance Indicators
Metrics used to assess the performance of a business not directly related to financial figures, such as customer satisfaction and employee turnover rates.
Quality Measure
A standard or metric used to assess the degree of excellence of a product, service, or process.
Machine Downtime
The period during which a machine is not operational or productive, often due to maintenance, repairs, or technical failures.
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