chapter 13 Flashcards
1
Q
Types of Supply-Side Policies
A
- market-oriented
- interventionist
2
Q
Market-Oriented Supply-Side Policies
A
- pro-competition policy
- manpower policy
- reducing gvt. intervention
- tax cuts
3
Q
Interventionist Supply-Side Policies
A
- nationalisation
- regulation & legislation
- direct provision, urban policy & infrastructure development
- incentives
- providing guidelines & information
4
Q
Limitations of Interventionist Supply-Side Policies
A
- bureaucracy & corruption
- wastage of public funds
- workability & compliance
- allocative inefficiency & rationing
