positive economics


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positive economics

the study of what ‘is’ in economics rather than what ‘ought to be’. For example, the statement that ‘a cut in personal taxes increases consumption spending in the economy’ is a factual statement that can be confirmed or refuted by examining the available empirical evidence on the effects of taxation on spending. Positive economics seeks to identify relationships between economic variables, to quantify and measure these relationships, and to make predictions of what will happen if a variable changes. Compare NORMATIVE ECONOMICS.
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The company has produced positive economics in a Preliminary Economic Analysis and, to management's knowledge, hosts Canada's only NI 43‐101 tellurium resource.
The PEA demonstrates positive economics for a large-scale open pit mining operation, with 14 years of Palladium and Platinum production.'
The main purpose of this paper is to contribute to the interpretation of Milton Friedman's famous The methodology of positive economics (abbreviated as F53 hereafter) by comparing the text to Max Weber's methodology of ideal types.
Positive economics is limited to description and prediction.
Source Energy Services said it has confidence that its 2019 sales volumes should improve from those seen in 2018 due to the addition of Montney and Duvernay customer contracts that help provide a broader customer base and more balanced sales portfolio, refreshed capital budgets from E&P companies and continued positive economics for Montney and Duvernay production.
AWS is a cornerstone of CSG's "cloud-first" strategy and commitment to give its clients global availability, scalability, data security, and the positive economics of the cloud.
CSG has supported clients on AWS for the past year as a cornerstone of its cloud-first strategy and commitment to give its clients global availability, scalability, data security and the positive economics of the cloud.
Public choice economics lies in the positive realm of economics, and DiLorenzo and Block use positive economics to poke holes in many popular public theories.
If Amazon's device sales start declining or it no longer sees the same positive economics from selling Echo devices, that's when Amazon investors should start showing concern.
Due to the positive economics, low initial capital requirements, and managements experience in having successfully developed similar mines in Mexico, a decision was made to proceed with the mine development in Q3, 2017.
Results indicate positive economics at a pre-production capital expenditure of C$231 million and a mine life of 13 years, with peak annual payable production of approximately 117 million pounds (lb) of zinc, 35 million lb of lead, 2 million lb of copper, and 766,000 ounces (oz) of silver in concentrates.
Economists make a distinction between normative and positive economics. Normative economics involves values.

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