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adunya wayesa
Mar 18

Example of Normative economics?

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Mar 18
Normative economics is the branch of economics that deals with value judgments and opinions about what economic policies or outcomes should be. An example of normative economics would be a statement like "The government should increase taxes on the wealthy in order to reduce income inequality." This statement is based on a value judgment about what is fair and just in society, rather than purely on objective economic analysis.
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