Question

Characteristics of normative economic?
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Answer 1

According to normative economics, an economy "should be" or "ought to be." Economics is founded on value judgments, not facts.

Step-by-step explanation:

Answer 2

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Step-by-step explanation:

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.