Normative economics

From Academic Kids

Normative economics is the branch of economics that incorporates value judgements 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. It underlies expressions of support for particular economic policies.

Contrast Value-free economics.

Template:Econ-stubsk:Normatívna ekonómia

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