Question

______ economics considers the desirability of certain aspects of the economy and underlies expressions of support for particular economic policies.

Answer 1

The aspect of economics that looks at the desirability of some sections of the economy and underlies expressions of support for some economic policies is called Normative Economics.

What is the focus of Normative Economics?

Normative economics focuses on how economic policies impact the people. That is the outcome of economic goals and public policy and what those policies ought to be.

In other words, it is very subjective in nature and focuses on what should be rather than what is.

See the link below to learn more about Normative Economics:

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