Investments glossary

Normative Economics Definition

Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive, judgments toward economic development, investment projects, statements, and scenarios. Unlike positive economics, which relies on objective data analysis, normative economics heavily concerns itself with value judgments and statements of what ought to be rather than facts based on cause-and-effect statements.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply

Your email address will not be published. Required fields are marked *