4.2.5.2 Supply-side policies - Key Terms

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7 Terms

1

Supply-side policies

Policies directed at businesses to encourage growth of new and existing businesses

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2

Interventionist policies

Policies created by the government to boost the economy

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3

Non-interventionist policies

Policies dictated by market forces to boost the economy

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4

Privatisation

When a firm becomes privately-owned

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5

Marketisation/commercialisation

Introducing competition into the public sector in areas previously under government control

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6

Deregulation

The reduction or elimination of government policy in an industry

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7

Supply-side improvement

Increasing aggregate supply by alleviating pressures on firms

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