Question

positive and normative statement

Answer 1

Positive economics is objective and fact based, while normativeeconomics is subjective and value based. Positive economic statementsmust be able to be tested and proved or disproved. Normative economicstatements are opinion based, so they cannot be proved or disproved

Answer 2

Positive economics is objective and fact based, while normativeeconomics is subjective and value based. Positive economic statementsmust be able to be tested and proved or disproved. Normative economicstatements are opinion based, so they cannot be proved or disproved.