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Why should welfare economics be regarded as normative economics? - Economics

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Why should welfare economics be regarded as normative economics?

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उत्तर

Normative economics addresses the topic of what should be, whereas positive economics addresses the question of what is. The "normative" and "ethical" facets of any economic policy are unimportant to positive economics. The ethical implications of any policy, however, are a major focus of normative economics. Welfare economics is therefore thought of as normative economics.

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पाठ 34: National Income and Economic Welfare - TEST QUESTIONS [पृष्ठ ३४.१६]

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आर. के. लेखी आणि पी. के. धर Economics [English] Class 12 ISC
पाठ 34 National Income and Economic Welfare
TEST QUESTIONS | Q A. 4. (ii) | पृष्ठ ३४.१६
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