Normative statements
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Last updated 9:47 AM on 11/9/25
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4 Terms
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Normative statements
Cannot be supported or refuted
Are opinions about how economics should work and therefore considered a value judgement
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Example 1
The government should not increase the state pension
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Example 2
Manufacturing companies should invest more
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Normative economics also typically contain
Positive economics within it
Note 
Flashcards (58)