Answer to Question #286361 in Economics for Omer Asif

Question

10 examples of positive and normative statements

Answer 1

Positive statements are fact-based, but normative statements are based on opinions.

Positive statements

1. An increase in taxation will result in less consumption"

2."A fall in supply of petrol will lead to an increase in its price"

Normative statements

1. Women should be provided higher school loans than men.

2."Laborers should receive greater parts of capitalist profits,"

3."Working citizens should not pay for hospital care."