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Why managerial economics is considered as a normative science?

April 26, 2017Economics managerial normative

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Why managerial economics is considered as a normative science?

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SMU TeL FAQs, Official Rep, replied on May 04, 2009 09:59 // Normative science purports to discover ways to achieve recognized aims, goals, objectives or purposes etc. Learning managerial economics one can find out paths or objectives of economizing the limited resources in a world of unlimited demands.