explain economics as a normative science
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Normative economics is a perspective on economics that reflects normative judgments or opinionated reactions toward economic projects, statements, and scenarios. ... Normative economics expresses judgments about what may result of economic activities if public policy changes are done.
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- Normative economics is a perspective on economics that reflects normative judgments or opinionated reactions toward economic projects, statements, and scenarios. ... Normative economics expresses judgments about what may result of economic activities if public policy changes are done.
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