Positive economics Vs Normative economics
Economists often distinguish between positive economics and normative economics.
POSITIVE ECONOMICS VS NORMATIVE ECONOMICS
Positive Economics refers to how the way of things are.
Normative Economics refers to how the way of things should be.
For Example,
11 years back, Bidding for a human kidney, described on the Ebay Internet auction began at $25,000 and reached $5,750,100 before the company abruptly ended the auction.
Here,
Positive Economics — The person sold one of his kidney on Ebay to meet his immediate cash requirement.
Normative Economics — Should Ebay allow its users to sell human organs for cash?