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Meaning of normative economics | Babel Free

Noun CEFR B2

Definitions

economic thought in which one applies moral beliefs, or judgment, claiming that an outcome is "good" or "bad". For example: "this tax on cigarettes will be good because it will reduce smoking."

uncountable

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

normative ethics normative forecasting normative state normative statement Normatively Normativeness

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