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."

Related Videos




http://www.businessdictionary.com/definition/normative-economics.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z