What is normative economics?and what is …
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Posted by Nameera Anwar 6 years, 7 months ago
- 3 answers
Angad Mehra 6 years, 7 months ago
Gaurav Seth 6 years, 7 months ago
Positive economics deals with the things as they are (i.e., actuals) not what is desirable. It helps to know the cause and effect relationship of a particular activity. Normative economics deals with the things as they should be. It passes moral judgements. Thus it deals with idealistic situation instead of actual situation. Normative statements being ideal in nature can not be verified.
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Suman Sharma 6 years, 7 months ago
0Thank You