Economic Developments: Differences between Demand-Side and Supply-Side Economics Flashcards
1
Q
When were Demand-Side economics present in Britain?
A
1945-1979
2
Q
What did demand-side economics being sustained throughout multiple governments from 1945-1979 emphasise?
A
The post-war consensus
3
Q
When were Supply-Side economics introduced to Britain?
A
1979
4
Q
What are Demand-Side Economics?
A
Where the government handles the production of most things to influence job creation
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
