ECONOMICS AS A SOCIAL SCIENCE
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Title: ECONOMICS AS A SOCIAL SCIENCE

Essay Details:

Subject: Business
Author: Steven D
Date: August 9, 2015
Level: University
Grade: A
Length: 4 / 1181

Essay text:

‘Hong Kong is now part of China’, ‘General Motors employs x number of workers’, and ‘Jane Smith obtained a grade A in Economics’, are all positive statements. If a disagreement arises over a positive statement it can be settled by looking at the facts and seeing whether or not they support the statement. Positive statements must be either true or false, where the word true’ is taken to mean ‘consistent with facts’. Normative statements usually include or imply the words ‘ought’ or ‘should’. They reflect people’s moral attitudes and are expressions of what some individual or group thinks ought to be done...

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