Answer :

The statements are analyzed below:

i) “India jumped 23 points in the World Bank’s ease of doing business index to 77th place, highest in 2 years.” This statement represents positive economic analysis. It is based on data and facts and can be checked using scientific methods. It is the study of “What is?”


ii) “Government should further liberalize the business rules.” This statement represents normative economic analysis. It is based on values and opinions. It is not possible to test these statements.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

Explain the centrEconomics - Board Papers

In the given figuEconomics - Board Papers

Identify and discEconomics - Board Papers

What is a productNCERT - Introductory Microeconomics