ILO:
a) Distinction between positive and normative economic statements
b) The role of value judgements in influencing economic decision making and policy
a) Distinction between positive and normative economic statements
b) The role of value judgements in influencing economic decision making and policy
Positive & Normative statements
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Explain the difference between a normative statement and a positive statement. (5 marks)
Boris Johnson on Brexit: My job is to bring this country together
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Below is a revision video that considers economics a s a social science and the meaning of positive v normative:
Positive, Normative Statements and Economic Methodology
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