ECO 101
​Assignment 

Positive and Normative Economics is appropriately known as the two arms of Economics. Positive Economics manages different monetary peculiarities, while Normative Economics centers around what financial matters ought to be, this part of financial aspects discusses the worth of the organization's reasonableness.

Ceteris paribus means all external factors acting on a variable subject are assumed to remain unchanged/constant while testing its relationship with other variable subjects.