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Normative statement

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Gender pay gap

80% of UK companies and public sectors organisations pay women less than men.

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Normative statement - definition

A normative statement is one that cannot be tested or verified and is based on a value judgment.

For example, stating that the price of housing is 'too expensive' is a normative one as it is based on a value judgement and cannot be tested to be 'true' or 'false'.


WTO rules

What exactly is the 'most favoured nation' rule?

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Model agencies collude to fix rates

Regulators find leading model agencies guilty of price fixing.

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Customs unions

Costs and benefits of customs unions.

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New materials

Multiple choice papers for Paper Three.

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Savings ratio

Savings ratio falls to lowest level on record.

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