The privatization of public enterprises will le... - JAMB Economics 2018 Question
The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________
A
deductive reasoning
B
positive reasoning
C
normative reasoning
D
inductive reasoning
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Correct Option: A
The statement "The privatization of public enterprises will lead to efficient management of resources in the economy" expresses a value judgment about what should happen. It's an opinion about the desirable outcome of privatization.
- Normative reasoning deals with value judgments, opinions, and what ought to be. It involves statements about what is good, bad, right, or wrong.
- Positive reasoning deals with objective and verifiable statements about what is.
- Deductive reasoning involves using general principles to reach specific conclusions.
- Inductive reasoning involves using specific observations to reach general conclusions.
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