positive and normative statement
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Positive statement means how a economic problem is actually solved
Normative economics deals wid the problem how a economic problem can be solved
Normative economics deals wid the problem how a economic problem can be solved
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Positive statements are objective statements that can be tested, amended or rejected by referring to the availableevidence. Positive economics deals with objective explanation and the testing and rejection of theories.
NORMATIVE :'
A value judgement is a subjective statement of opinion rather than a fact that can be tested by looking at the available evidence
Normative statements are subjective statements – i.e. they carry value judgment.
NORMATIVE :'
A value judgement is a subjective statement of opinion rather than a fact that can be tested by looking at the available evidence
Normative statements are subjective statements – i.e. they carry value judgment.
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