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political economy vs normative economics

normative economics vs political economy

political economy and normative economics both are nouns.

Word NounAdjectiveVerbAdverb
political economy Yes No No No
normative economics Yes No No No
As nouns, normative economics is a hyponym of political economy; that is, normative economics is a word with a more specific, narrower meaning than political economy:
  • political economy: 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.
political economy (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.
Difference between political economy and normative economics

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