Question

what do you mean by normative economic alalysis?​

Answer 1

Answer:

Normative economics is a part of economics that is objective 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

An example of normative economics would be, "We should cut taxes in half to increase disposable income levels." By contrast, a positive or objective economic observation would be, "Based on past data, big tax cuts would help many people, but government budget constraints make that option unfeasible."

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Answer 2

normative economics is a part that is objective fairness or what the outcome of the economy or goals of the public policy ought to be.

Economists commonly prefer to distinguish normative economics from positive economics.

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