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

Related Videos




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

Have a question about normative economics? Ask for help in the
Community
advertise here

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