Question

Characteristics of Normative Statements

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Answer 1

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• In many disciplines, including economics and philosophy, a normative statement expresses a value judgment about whether a situation is desirable or undesirable. ... Normative statements are characterised by the modal verbs "should", "would", "could" or "must".

Answer 2

Observations/ Statements related to normative economics show the following characteristics :

1. These statements involve value judgement .
2. These statement lead to controversies and debates .
3. These statement indicate opinions and are , therefore , not verifiable for truth .
4. These statements reflect ' what ought to be ' as a solution to economic problems .