XXitzrealkaminiXX
XXitzrealkaminiXX XXitzrealkaminiXX
  • 01-08-2021
  • Biology
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characteristics of normative economic?
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AArushIsFound AArushIsFound
  • 01-08-2021

Answer:

Here's your answer

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.

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ivyheathers
ivyheathers ivyheathers
  • 01-08-2021

Answer:

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

Explanation:

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