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normative economics

Title English: 
normative economics
Definition English: 
A perspective on economics that incorporates subjectivity within its analyses. It is the study or presentation of "what ought to be" rather than what actually is. Normative economics deals heavily in value judgments and theoretical scenarios. It is the opposite of positive economics.
Title Arabic: 
اقتصاد معياري
Domain: 
Economic Development
Subject: 
Economic Analysis
InformationType: 
Term
SourceSymbol: 
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