Illustrate normative statement
In economics illustrate normative statement?
Expert
The term normative statement in economics is just like a normative statement in any other academic subject. We can say it is a statement about something with an implicit value judgment or moral claim.
It is differ from a descriptive statement i.e. supposed to be ideologically or value neutral.
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Supply of labor in perfectly competitive market
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What do you mean by the term Cumulative Effect?
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Elucidate briefly business cycles and what role do the Federal Government and Federal Reserve has in trying to manage them?
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