Economy, asked by nb28, 4 months ago

normative economics deals with​

Answers

Answered by Sнιναηι
1

here's your answer ⭐

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 Anonymous
0

Answer:

As positive economics describe economic programs, situations, and conditions as they exist, normative economics aims to prescribe solutions. Normative economic statements are used to determine and recommend ways to change economic policies or to influence economic decisions.

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