Examlex
Instructions: Please define the following key terms. Show Who? What? Where? When? Why Important?
philosophes
Association
A group of individuals organized for a common purpose, having a formal structure and usually having voluntary membership.
Causation
The act or process whereby one event, process, or state (a cause) leads to the production of another event, process, or state (an effect).
Positive Economic Statement
A statement that can be proved or disproved by reference to facts.
Normative Economic Statement
A subjective statement that expresses an opinion or a value judgment about what ought to be, rather than what is.
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