1.1.2 positive and normative economic statements (copy)

positive statement

positive statement

contains no opinion - it is usually statement of fact and can be proven

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

normative statement

expresses a value judgement

example of a normative statement

house prices are unaffordable