Normative Economics
Economic ethics addresses the question, What ought to be?
A positive analysis is a statement of what is. The truth. Purely descriptive statements or scientific predictions.A normative analysis is a statement of what ought to be. Analysis involving value judgments.
Normative economics is the idealized part of economics that encompasses value judgments about economic fairness. It typically concerns what the outcome of an economy or what public policy ought to be.
"Economics is the study of how people relate to each other" is a statement that does not define economics.
The field of economic ethics addresses this particular question.
Economic ethics addresses the question, What ought to be?
A positive analysis is a statement of what is. The truth. Purely descriptive statements or scientific predictions.A normative analysis is a statement of what ought to be. Analysis involving value judgments.
yes
Normative economics is the idealized part of economics that encompasses value judgments about economic fairness. It typically concerns what the outcome of an economy or what public policy ought to be.
"Economics is the study of how people relate to each other" is a statement that does not define economics.
The field of economic ethics addresses this particular question.
Economics doesn't truly care about the conservation of scarce resources, it only cares about how those scarce resources are used. The statement 'Economics is about conserving scare resources' is false.
building economics is considered as an irrelevant subjectcin the construction industry. justify the statement above
Yes, it is true that the statement "640k ought to be enough for anybody" was famously attributed to Bill Gates in the early days of computing.
The statement "Anyone can lead refers to the ability to"
The efficient use of scarce productive resources.
That refers to a statement that shows something to the user, in the simplest case, on the screen.That refers to a statement that shows something to the user, in the simplest case, on the screen.That refers to a statement that shows something to the user, in the simplest case, on the screen.That refers to a statement that shows something to the user, in the simplest case, on the screen.