Define the economic theories

Economic theories are: (w) true with definition. (x) generally excellent in theory but wrong during practice. (y) made up of generalizations regarding economic behavior. (z) normative, whereas economic policy is more positive.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

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Economic theories are: (w) true with definition. (x) generally excellent in theory but wrong during practice. (y) made up of generalizations regarding economic behavior. (z) normative, whereas economic policy is more positive.

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