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![]() Example: An increase in the minimum wage increases unemployment among teenagers. Example 1: The weight of the earth is 6 septillion (6 × 1024) metric tons. The validity of a positive statement is verifiable or testable in principle, no matter how difficult it might be. What is the difference between a positive and normative statement give an example of each? ![]() In simpler words, positive economics is regarded as the ‘what’ branch, whereas normative economics is the ‘should be’ or ‘ought to be’ section of economics. ![]() While positive economics deals with the various economic phenomena, normative economics focuses on what economics should be and the value of its fairness. What is positive and normative economics and examples? 5 What is example of normative economics?.4 How can you tell if a statement is positive or normative?.3 Which of the following is an example of normative economics?.2 What is an example of a normative statement?.1 What is positive and normative economics and examples?.
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