Normative Economics - Deepstash

Normative Economics

Normative Economics

Normative Economics

Normative economics is what economists call as "what should have been" or "what ought to be" study. This stream of economics aims to determine people's desirability or lack thereof to various economic programs, situations and conditions by asking the questions: what should happen or what ough to be.

It leaves the door open for future changes, eliminates absolute statements, and provides an avenue for discussion. 

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