Normative Economics may be defined as: Making use of language that elicits an emotional response or infers a value judgement. Making arguments that make selective use of the facts, generally by presenting only one side of the story. Discussions of economics that include appraisals of what is good or bad, right or wrong. Discussions limited to the facts or description of economic models.
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Home » Business » Normative Economics may be defined as: Making use of language that elicits an emotional response or infers a value judgement. Making arguments that make selective use of the facts, generally by presenting only one side of the story.