Question

define normative economics.

Answer 1

Economics is objective and fact based subject and is positive in nature.

Whereas normative economics is subject based and value based. 

Positive economic statements can be verified physically and proved or not approved. 

Normative economic is based on opinion, and cannot be verified for correctness.

Normative economics is a branch of economics that expresses value or normative judgments about economic fairness.

Answer 2

HEY DEAR ...

Normative economics is the type of economics that examines the way an economy should work under ideal circumstances.  Normative economics involves value judgments. 

HOPE , IT HELPS ... ✌️