"normative economics" meaning in English

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        "economic thought in which one applies moral beliefs, or judgment, claiming that an outcome is \"good\" or \"bad\". For example: \"this tax on cigarettes will be good because it will reduce smoking.\""
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        "(economics) economic thought in which one applies moral beliefs, or judgment, claiming that an outcome is \"good\" or \"bad\". For example: \"this tax on cigarettes will be good because it will reduce smoking.\""
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      "translations": [
        {
          "code": "fi",
          "lang": "Finnish",
          "sense": "economic theory",
          "word": "normatiivinen taloustiede"
        }
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        "normative economics"
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      "sense": "economic theory",
      "word": "normatiivinen taloustiede"
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  "word": "normative economics"
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