Nomative statement

Nomative statement

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On the other hand, economists refer to prescriptive, value-based statements as normative statements. Normative statements usually use factual evidence asAn example of a normative economic statement is as follows: The price of milk This is a normative statement, because it reflects value judgments. This specific

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An example of a normative economic statement is "The price of milk should be $6 a gallon to give dairy farmers a higher living standard and to save the family Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. Normative economic statements are opinion Definition of normative statement: Opinion or value judgment that (because it is not a statement of fact) cannot be proved or disproved.

Normative statements are subjective statements rather than objective statements – i.e. they carry value judgments. For example: Pollution is the most serious Economics is often split into two branches - positive and normative economics. Positive Below we look in more detail at positive and normative statements. Quite some of the problems that students run in to can be mended by distinguishing more clearly between normative and descriptive statements. Examples of In economics and philosophy, a normative statement expresses a value judgment about whether a situation is subjectively desirable or undesirable. It looks at Normative statements are often heard in the media because they tend to represent a theory or opinion rather than objective analysis. Normative economics is a

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