3.7. Supply-Side Policies

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Economics

IB Economics (HL)

Macroeconomics

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6 Terms

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Supply Side

Policies that aim to improve the quality and/or quantity of the factors of production

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Market Based

Policies that aim to improve the quality and/or quantity of the factors of production by reducing government intervention to increase efficiency.

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Privatisation

Selling government-owned assets to private investors

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Deregulation

Removing unnecessary rules & processes that promote inefficiency.

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Labour Market Reforms

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Interventionist

Policies that aim to improve the quality and/or quantity of the factors of production by involving active government intervention.