Two Types of Economic Statement
Two Types of Economic Statement
Economists make positive statements about what is, was, or is likely to happen. A positive statement is objective because it can, in principle, be tested against evidence and shown to be true or false.
Step-by-step lessons on CIE Intl A Level Economics 1.2.2 positive and normative statements (the distinction between facts and value judgements). Each one builds up to exam-style questions.