Value judgement
What Value judgement means in Economics A-Level, as defined for AQA.
Definitions of Value judgement
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Reference: AQA
Something required to determine whether a specific distribution of income is equitable, as different individuals hold varying moral or political views on what constitutes fairness.
A subjective statement of opinion rather than a testable fact, on which the classification of merit and demerit goods depends.
Topics that use Value judgement
- Merit and demerit goods (AQA A-Level)
- The distribution of income and wealth (AQA A-Level)
Related terms
- Government intervention
- Value judgements
- Asset Ownership
- Asset Price Inflation
- Demerit goods
- Equality
- Equity
- Equity vs efficiency
Using Value judgement in the exam
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