Economy, asked by gauravsinghania224, 7 months ago

Programs like welfare reduce the incentive for people to work is it a positive or a normative statement

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Answered by Anonymous
4

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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