Supply side policies

Question 1

What is interventionist policies?

Answer 1

Policies designed to correct market failure.

Question 2

Examples of interventionist policies

Answer 2

G on edu/training
G on healthcare
G on infrastructure
Subsidies/tax

Question 3

What is market based policies?

Answer 3

Policies which are designed to remove anything that
prevents the free market system working efficiently

Question 4

Examples of market based SSP - Tax reform

Answer 4

Change in I tax/NI
Corporation tax
Protectionism

Question 5

Example of Market based SSP - Labour market reform

Answer 5

Change in benefits
Encourage migration
Change in min wage
Strength of TUs

Question 6

Example of market based SSP - Competition policy

Answer 6

Privatisation
Deregulation
Trade liberalisation
Anti-monopoly legislation