positive economics vs political economy
political economy vs positive economicspositive economics and political economy both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| positive economics | Yes | No | No | No |
| political economy | Yes | No | No | No |
As nouns,
political economy is a hypernym of
positive economics; that is, political economy is a
word with a broader meaning than positive economics:
- positive economics: the branch of economics that concerns the description and explanation of economic phenomena.
- political economy: the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Other hypernyms of positive economics include
economic science, economics.
| positive economics (noun) | political economy (noun) |
|---|---|
| the branch of economics that concerns the description and explanation of economic phenomena. | the branch of social science that deals with the production and distribution and consumption of goods and services and their management |
Words related to "positive economics"
Words related to "political economy"
- Gresham's Law
- capital account
- constitutional economics
- consumption
- deflationary
- easy
- econometrics
- economic consumption
- economic science
- economic theory
- economics
- finance
- game theory
- inflationary
- macroeconomics
- managerial economics
- marginal utility
- microeconomics
- monopoly
- monopsony
- moral hazard
- nominal
- normative economics
- oligopoly
- positive economics
- production
- productivity
- real
- rent seeking
- rent-seeking
- social science
- spillover
- supply-side economics
- theory of games
- tight
- transaction cost
- usance
- use
- use of goods and services
- utility
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