positive / normative statements

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  • positive / normative statements
    • positive
      • fact that can be tested
      • can be proved or disproved
      • objective and scientific explanations
    • normative
      • contains value judgements
        • influence economic decision making and policy
          • contain words like 'ought' / 'should'
      • cannot be proved
        • influence economic decision making and policy
          • contain words like 'ought' / 'should'

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