Definitions
There is 1 meaning of the phrase
Normative Economics.
Normative Economics - as a noun
A part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
Example: "Normative economics, in contrast, becomes arbitrary and unmotivated unless it attributes largely self-interested preferences to people."
Example Sentences
"One of the key debates in normative economics is whether the government should provide universal healthcare or not."
"The study of normative economics helps policymakers evaluate the consequences of implementing trade tariffs."
"An important topic in normative economics is the analysis of income inequality and potential redistribution measures."
"The field of normative economics explores the ethical implications of income redistribution policies."
"One area of normative economics studies the trade-off between economic growth and environmental sustainability."
