2 Answers

Nomeswaran · Answer 1 · 2024-04-04T21:37:05+0000

Answer:

Normative economics focuses on the value of economic fairness, or what the economy "should be" or "ought to be." While positive economics is based on fact and cannot be approved or disapproved, normative economics is based on value judgments.

Step-by-step explanation:

Hristo Stoyanov · Answer 2 · 2024-04-06T12:56:11+0000

Answer: Normative economics is concerned with value judgements.

Explanation: It deals with the study of and presentation of policy prescriptions about economics. Normative statements are statements which cannot be supported or refuted by evidence. Ultimately, they are opinions about how economics and markets should work.

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

2 Answers

0 Comments

Please log in or register to add a comment.

0 Comments

Please log in or register to add a comment.

Related questions

Other Questions