CBSE BOARD XII, asked by gouravjain, 1 year ago

define normative Economics with a suitable example​

Answers

Answered by prajwalhs12
7

Normative economics  is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.

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Answered by Rites5790
2
Normative economics is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be. Economists commonly prefer to distinguish normative economics from positive economics.
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