noun
positive economics
Academic term in economics; refers to the branch that describes and explains economic phenomena without value judgments, as opposed to normative economics.
実証的経済学は、経済現象を客観的に分析する学問分野です。
Positive economics is a field of study that objectively analyzes economic phenomena.
Normative economics, which involves value judgments and policy prescriptions, in contrast to the descriptive nature of 実証的経済学.
Compound of 実証的 (empirical, positive) and 経済学 (economics). The term is a direct translation of the English 'positive economics'.