The person who perfected the steam engine is the very known inventor and early-day scientist James Watt. His work on the steam engine made it widely used and one of the most profitable and turn-overable areas of the industry during those times.
This period was known as the baby boom, and this generation is still referred to as the "baby boomers," this being because there was a huge increase in the birth rate as people returned home from the war.
They spent more money to go to space
They built a satellite
They went to the moon <span />
<u>Positive Economists'</u> purpose is to create an explanation of a certain economic phenomena.
These economists use statistics in order to find out the aggregate behavior of the people because of a certain economic decisions. From this, they can developed an understanding to explain the economic phenomena.
<u>The normative economists' </u>purpose is to find out whether a certain economic decision achieve its original purpose.
They used statistic as a quantitative measurements. They determine the goals of a certain economic policy and They compared the statistic before the economic policy was implemented to the condition after the implementation .
This will help them know whether the policy achieve its original goals.
For example. if a certain policy was created to reduce unemployment, normative economists will compare the data/statistic about the number of employment before and after the policy.
