INTERVENTIONIST SUPPLY-SIDE POLICIES
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7 Terms
Interventionist supply-side policies
Government policies that directly involve spending or regulation to improve factor productivity.
Education and training
Improve human capital by increasing workers’ skills and productivity.
Healthcare investment
Improves worker health, reducing absenteeism and increasing labour productivity.
Infrastructure investment
Reduces production and transport costs, improving efficiency for firms.
Industrial policies
Government support for key industries through subsidies, regulation, or investment.
Advantage of interventionist supply-side policies
Directly address market failures and improve long-run productivity.
Disadvantage of interventionist supply-side policies
High opportunity cost and risk of government failure.
Note 
Flashcards (37)