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normative economics vs political economy

political economy vs normative economics

normative economics and political economy both are nouns.

Word NounAdjectiveVerbAdverb
normative economics Yes No No No
political economy Yes No No No
As nouns, political economy is a hypernym of normative economics; that is, political economy 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.
  • political economy: 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, economics.
normative economics (noun) political economy (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
Difference between normative economics and political economy

Words related to "normative economics"

Words related to "political economy"

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