normative economics

  

Definition

Study of economics that attempts to determine desirability (or undesirability) of different economic conditions, programs, or situations by asking, "what should or ought to be." In contrast, positive economics is concerned with "what is."

Use normative economics in a sentence

  • You need to know how to correctly read all of the normative economics and make your plan according to what they suggest.

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  • The normative economics discussion began to cross the line into philosophy so we decided to interrupt the meeting to get back on topic.

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  • I was studying normative economics and would end up getting a degree when I was finished because I was studying hard.

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