NURSING ANM AND GNM

Detailed explanation-1: -Normative economics is subjective and value-based, originating from personal perspectives or opinions involved in the decision-making process. The statements of this type of economics are rigid and prescriptive in nature.

Detailed explanation-2: -Positive statements are objective. Normative statements are subjective.

Detailed explanation-3: -Normative statements are based on opinions or ethics-what someone believes should be. Positive statements, on the other hand, are testable, even if they may not necessarily be true.

Detailed explanation-4: -Unlike positive economics, which relies on objective data analysis, normative economics is concerned with value judgments and statements of what “ought” to be.

Detailed explanation-5: -A normative statement carries judgment. Normative statements are opinions. They are subjective statements.