Economy, asked by 8299332478, 7 days ago

(d ) Which of this is normative economics ?​

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Answered by sayyadasarahjawwadud
0

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments

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Answered by sayalikamble853
1

Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements, and scenarios. ... It expresses ideological judgments about what may result in economic activity if public policy changes are made.

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