Normative Economic

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Offline Md. Alamgir Hossan

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Normative Economic
« on: April 15, 2017, 04:48:45 PM »
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.