Economics Aqa A level Paper 1

1)	positive statement - answers-An objective statement that can be tested against facts to be declared either true or false.



2)	normative statement - answers-A subjective opinion, or value judgement, that cannot be declared either true or false.



3)	Need - answers-something essential for survival such as food or medical care



4)	Want - answers-something that people desire but that is not necessary for human survival.



5)	Economic welfare - answers-The econ...