Economic Developments: Differences between Demand-Side and Supply-Side Economics Flashcards

1
Q

When were Demand-Side economics present in Britain?

A

1945-1979

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2
Q

What did demand-side economics being sustained throughout multiple governments from 1945-1979 emphasise?

A

The post-war consensus

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3
Q

When were Supply-Side economics introduced to Britain?

A

1979

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4
Q

What are Demand-Side Economics?

A

Where the government handles the production of most things to influence job creation

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5
Q

What are Supply-Side Economics?

A

Where the government reduces taxes to influence the public to create their own companies which would eventually make more jobs

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