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What Is Normative Economics?
Normative economics is a branch of economics that derives its meaning from a standard rule or behavior. Thus, normative economics expresses values or judgments about the outcome of the economy or the goals of public policy. Normative economics primarily emphasizes on what the consequences of the economy or goals of popular public policies should be. Most of the normative decisions are ambivalent or contrary to fact. There remains no range of proving the decision at the time of making it.