Question

What is normative economics

Answer 1

normative economics is a perspective on economics that reflects normative judgements or opinionated reactions towards economic projects , statements , and scenarios.

Answer 2

Normative economics is a broad term in economics, hence, it could be said or be defined as a part of economics which outspeaks about economic just or equitable of the goal of public policy ought to be. In a nutshell, normative economics under see the way an economy system ought or should perform under normal and ideal circumstances. However, this judgement of normative economics is based on ideal or fact.