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Topic: Business
Number of pages / Number of words: 2 / 428
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Normative economics is the branch of economics that incorporates value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal. Normative economics looks at the desirability of certain aspects of the economy. Contrast with positive economics which is also known as value-free economics...


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Normative economics is the branch of economics that incorporates value judgments about what the economy should be like or what particular policy actions should be recommended to achieve a desirable goal. Normative economics looks at the desirability of certain aspects of the economy. Contrast with positive economics which is also known as value-free economics...


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