Faculties and Departments > Business & Entrepreneurship

Normative Economic

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Md. Alamgir Hossan:
Normative Economic: When user criticize the whole theory its call negative Economic.
An example of a normative economic statement is "The price of milk should be $6 a gallon to give dairy farmers a higher living standard and to save the family farm.” It is a normative statement because it reflects value judgments. It states facts, but also explains what should be done.

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