Define normative economics with a suitable example.

1.	Define normative economics with a suitable example.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :Economics as a 'normative <a href="https://interviewquestions.tuteehub.com/tag/science-40" style="font-weight:bold;" target="_blank" title="Click to know more about SCIENCE">SCIENCE</a>' <a href="https://interviewquestions.tuteehub.com/tag/deals-945317" style="font-weight:bold;" target="_blank" title="Click to know more about DEALS">DEALS</a> with situations of value judgement or condition of 'what ought to be'. Example: India should create more employment <a href="https://interviewquestions.tuteehub.com/tag/opportunities-25471" style="font-weight:bold;" target="_blank" title="Click to know more about OPPORTUNITIES">OPPORTUNITIES</a>.</body></html>

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