The federal government offers financial assistance and health insurance to. people with epilepsy who qualify. The two primary financial assistance programs are. Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). These programs are administered by the Social Security Administration (SSA).
Positive economics is objective and fact based, while normative economics is subjective and value based. Positive economic statements do not have to be correct, but they must be able to be tested and proved or disproved. Normative economic statements are opinion based, so they cannot be proved or disproved.
Normative theories of accounting are not necessarily based on observation and therefore cannot (or should not) be evaluated on whether they reflect actual accounting practice. The conceptual framework of accounting is an example of a normative theory of accounting..g. a theory that prescribes the assets should be valued on the basis of market values rather than historical costs. Early development of accounting theory relied on the process of induction, that is, the development of ideas or theories through. observation.