1.1.2 positive and normative economic statements (copy)
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Last updated 9:19 PM on 10/14/24
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4 Terms
1
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positive statement
contains no opinion - it is usually statement of fact and can be proven
2
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example of a positive statement
the UK housing market is currently very difficult for people looking to buy / rent a home as the prices have risen due to the current economic crisis in the UK
3
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normative statement
expresses a value judgement
4
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example of a normative statement
house prices are unaffordable
