economics vs normative economics
normative economics vs economicseconomics and normative economics both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| economics | Yes | No | No | No |
| normative economics | Yes | No | No | No |
As nouns,
normative economics is a hyponym of
economics; that is, normative economics is a
word with a more specific, narrower meaning than
economics:
- economics: the branch of social science that deals with the production and distribution and consumption of goods and services and their management
- normative economics: a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
Other hyponyms of economics include
econometrics, finance, macroeconomics, microeconomics, supply-side economics, positive economics, constitutional economics, managerial economics.
| economics (noun) | normative economics (noun) |
|---|---|
| the branch of social science that deals with the production and distribution and consumption of goods and services and their management | a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be. |
Words related to "economics"
- Gresham's Law
- capital account
- constitutional economics
- consumption
- deflationary
- easy
- econometrics
- economic consumption
- economic science
- economic theory
- finance
- game theory
- inflationary
- macroeconomics
- managerial economics
- marginal utility
- microeconomics
- monopoly
- monopsony
- moral hazard
- nominal
- normative economics
- oligopoly
- political economy
- positive economics
- production
- productivity
- real
- rent seeking
- rent-seeking
- social science
- spillover
- supply-side economics
- theory of games
- tight
- transaction cost
- usance
- use
- use of goods and services
- utility
Words related to "normative economics"
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