qualitative

(adjective)

Based on descriptions or distinctions rather than on some quantity.

Related Terms

  • quantitative
  • welfare
  • deductive
  • diagnostics

Examples of qualitative in the following topics:

  • Economic Models

    • Some economic models also use qualitative analysis.
  • Evaluating GDP as a Measure of the Economy

    • However, a qualitative assessment would likely value the latter country compared to the former on a welfare or quality of life basis .
  • Changing Worker Productivity

    • The qualitative and quantitative progress of a country is inevitable when human development is a priority.
  • Economic Growth as a Measuring Stick

    • While measuring real GDP is useful in some ways, and considered a standard measure of economic growth, there is a great deal more complexity than is being captured (both quantitatively and qualitatively).
  • Is Economics a Science?

    • This is a classic scenario of economics, involving social interaction (qualitative) with optimization (quantitative).
  • Austrian

    • As you can see from the above points, this school of economics is largely about making qualitative observations of the markets.
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