Teleworking is also known as telecommuting. It allows you to work remotely or from your home using modern technology and telecommunications. This will enable you to stay in touch with your employer. Teleworking lets individuals work from home, at a local café with WiFi, at a…
Normative economics, positive economics- an overview
Economists prefer to differentiate normative economics (“what should be”) from positive economics (“what actually is”). However, much normative analysis (value judgments) are subject to change if facts or knowledge changes. Amartya Sen, a welfare economist, distinguishes between basic (normative) judgements that do not depend…