Define normative economics ?
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Posted by Anuj Bhirgu 6 years, 8 months ago
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Yogita Ingle 6 years, 8 months ago
Normative economics is an outlook on economics that contemplates normative or ideologically dictatorial, discernments toward economic enhancement, statements, investment projects and framework. Disparate to positive economics, which depends on intentional data analysis, normative economics decisively solicitudes itself with value discernments and statements of “what has to be” rather than certitude based on cause-and-effect declarations. Normative economics manifests ideological judgments about what may be the outcome in an economic pursuit if public policy changes are made.
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