Why is Business Economics considered normative in nature?

CA Foundation · Business Economics · MTP · May 2026
Why is Business Economics considered normative in nature?
(A) A. It prescribes what ought to be done in business decisions
(B) B. It analyses historical trends exclusively
(C) C. It avoids value judgments
(D) D. It describes only what is

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. It prescribes what ought to be done in business decisions

Topics: Nature & Scope of Business Economics

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic