What is Positivist Economics?
- An economic approach that values empirical evidence and scientific methods
- So, it focuses on outcomes that can be measurable
How Do I Remember it?
- Think of the term positive statements and connect the word positive to real statistics and quantitative data. A scientist should be happy, or positive, if they have numeric data that can be measured instead of hypothesized.
Follow us on TikTok, Instagram, and Youtube below.
