MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Wealth of an Economy

Economics is ...

Question

Economics is a _______ science that explains "what ought to be".

A

positive

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

normative

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

both (a) and (b)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

neither (a) nor (b)

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is D normative
A subject as a normative science explains what 'ought to be'. It deals with value judgements and opinions.It does not explain 'what is' the issue. It deals with 'what should have been the issue'.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Economics as a __________ science only explains "what is".

Q. Study of unemployment problem and then framing suitable policies to reduce the extent of unemployment shows that economics is _________.
(i) Both a science and an art
(ii) Neither a science nor an art
(iii) Positive science
(iv) Normative science

Q. Economics is a _________ science.

Q. Explain economics as a Science or an Art.

Q. _____________ said economics is not merely a social science but a human science.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Wealth of an Economy

ECONOMICS

Watch in App

explore_more_icon

Explore more

Wealth of an Economy

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon