What Type of Statement Is a Prescriptive Statement About How

question 168

Short Answer

What type of statement is a prescriptive statement about how the world ought to be?

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Definitions:

Trade Disputes

Disagreements or conflicts arising between employees and employers or between different labor unions, often regarding terms of employment or working conditions.

Economic Cycles

Periods of economic expansion and contraction measured by changes in GDP and other economic indicators.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Market Economies

Economic systems in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses with minimal government intervention.