3.7. Supply-Side Policies

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6 Terms

1

Supply Side

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

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2

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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3

Privatisation

Selling government-owned assets to private investors

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4

Deregulation

Removing unnecessary rules & processes that promote inefficiency.

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5

Labour Market Reforms

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6

Interventionist

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

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