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normative economics
nor·ma·tive ec·o·nom·ics
noun
Definition:
economics prescribing solutions to problems:
economic theory that makes value judgments and prescribes what should be done to solve economic problems
See also
positive economics
(
takes a singular verb
)
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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