Objective statements that are based on fact and can be tested as true or false. Positive statements are value-free.
What is a normative statement?
Subjective statements which cannot be tested as true or false. They are value judgements.
The role of value judgements:
Value judgements can influenceeconomicdecisionmaking and policy. Different economists may make different judgements from the same statistic, for example rising inflation could mean different things.
