Question

What do you understand by normative economic analysis?


NCERT Class XII
Economics - Introductory Microeconomics

Chapter 1. Introduction

Answer 1

It deals with norms,of facts and suggests ,what ought to be or what ought to have been.It promotes social and economic values.Economics is also normative science ,because it suggests ways and measures to be adopted for economic betterment of the people.

Answer 2

Answer:

Normative Economic analysis deals with things 'as they should be ' ( i.e ., idealistic situation) .

Examples are :- Rich people should be taxed more , free education should be given to poor.

I hope this answer is useful for you..