normative economics vs economics
economics vs normative economicsnormative economics and economics both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| normative economics | Yes | No | No | No |
| economics | Yes | No | No | No |
As nouns,
economics is a hypernym of
normative economics; that is, economics is a
word with a broader meaning than normative economics:
- 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.
- economics: the branch of social science that deals with the production and distribution and consumption of goods and services and their management
Other hypernyms of normative economics include
economic science, political economy.
| normative economics (noun) | economics (noun) |
|---|---|
| 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. | the branch of social science that deals with the production and distribution and consumption of goods and services and their management |
Words related to "normative economics"
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
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