While this distinction seems simple, it is not always easy to differentiate between the positive and the normative.Many widely-accepted statements that people hold as fact are actually value based.
Read more: What is the difference between positive and normative economics? http://www.investopedia.com/ask/answers/12/difference-between-positive-normative-economics.asp#ixzz3ni6fe4wS
Follow us: Investopedia on Facebook