Supply-side policies
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6 Terms
What is the aim of supply-side policies?
Improve the long run productive capacity and efficiency of an economy, long term economic growth.
Two types of supply-side policies?
Market-based and interventionist
Market-based supply-side policies aims
Increase economic efficiency by reducing government involvement
Reliant on competition, deregulation and tax cuts to stimulate incentives and free market forces.
Interventionist supply side policy aims
Active government spending to:
Address market failures
Improve infrastructure
Boost education and training
Market-based supply-side policies to increase incentives
Reducing income tax rates
Reducing corporation tax rates
Reforms to the welfare benefits system
Market-based supply-side policies to promote competition
Privatisation and deregulation
Note 
Flashcards (88)