Question

What are normative eco

Answer 1

Answer:

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.

Answer 2

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Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements, and scenarios. ... It expresses ideological judgments about what may result in economic activity if public policy changes are made.

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