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Question

"Economics is what it ought to be", This statement refers to which of the following terms in economics?


A
Normative economics
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B
Positive economics
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C
Monetary economics
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D
Fiscal economics
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Solution

The correct option is A Normative economics
Normative economics deals with 'what ought to be'. It is opinion based .It does not deal with facts and data.It generally expresses a value judgement.

Economics

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