1.1.2 positive and normative economic statements (copy)

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Economics

A-Level Economics

Edexcel

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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