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Describe the Difference Between Positive and Normative Economics

question 20

Essay

Describe the difference between positive and normative economics.Cite an example of each.


Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially based on race, age, sex, or disability.

Special Privileges

Unique rights or advantages granted to specific individuals or groups, not available to everyone.

Noncitizens

Individuals who do not hold citizenship status in the country in which they reside.

Temporary Work

Employment that is limited in duration, often to fulfill short-term needs of the hiring organization.

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