Question

Which of the following is an example of a Positive Economy?

Options

• India should take steps to control rising prices

• There are inequalities of income in our economy

• India should not be an overpopulated country

• Income inequalities should be reduced

Answer 1

There are inequalities of income in our economy

Explanation:

A positive statement describes facts as they are and can be verified. 'There are inequalities of income in our economy' is a factual statement; the other options are normative suggestions.