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Supply Side Policy
Increases economy's capacity to supply goods/services.
Education and Training
Enhances workforce skills for better productivity.
Reducing Trade Union Power
Limits union influence on wages and employment.
Direct Taxes on Workers
Lower taxes increase disposable income for workers.
Direct Taxes on Firms
Reduces costs for businesses, encouraging investment.
Encouraging Competition
Stimulates innovation and efficiency in markets.
Privatisation
Transfers public services to private ownership.
Infrastructure Development
Improves facilities to support economic activities.
Costs of Supply Side Policies
time lags, cost to taxpayer, may face resistance, equity issues, unintended effects
Benefits of Supply Side Policies
targets specific markets, combats inflation, increases employment, increases economic growth, improves the balance of payments
