111
Question
Who of the following treated economics as normative science?
Who of the following treated economics as normative science?
Open in App
Solution
The correct option is D (A) and (C)
Normative science
explains what should be base of the subject according to the belief through
valued judgement that describes the fairness of the subject on public
policy.
Both Alfred Marshall and Pigou described economics as a study where human and social welfare could be achieved by the means of various economic activities which were economically fair for the society and was based on economic judgement.
Normative science
explains what should be base of the subject according to the belief through
valued judgement that describes the fairness of the subject on public
policy.
Both Alfred Marshall and Pigou described economics as a study where human and social welfare could be achieved by the means of various economic activities which were economically fair for the society and was based on economic judgement.
Suggest Corrections
1
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
