What is the difference between positive and normative statements?

A positive statement is one that can proved right or wrong by the use of evidence.

For example ‘Volkswagens share price fell by 34%’ or ‘the interest rate in the UK is 0.5%’.

These statements can be supported by evidence and are therefore positive statements.

 

A Normative statements is one based on opinions.

For example ‘Volkswagens share price is now too low.’ Or ‘The Bank of England should raise the interest rate in the UK.’ These statements cannot be proven. You may use evidence to back them up but they cannot be demonstrated to be true or false.

 

Economics Revision Courses: www.athenatutorials.co.uk/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s