Economics

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This short topic video makes a distinction between positive and normative statements

Some examples of positive and normative statements

Income inequality should be reduced by raising taxes on high-income earners (Normative)
Most healthcare should be provided free at the point of use (Normative)
Bio fuels and oil are substitutes in the energy industry (Positive)
An increase in value added tax will impact the less well off more than the rich (Positive)

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Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085