Supply-Side Policies

Question 1

what are market based supply-side policies

Answer 1

the government reduces its roll in the economy by reducing laws and legislation making it easier for people to start businesses

Question 2

what are interventionist supply side policies

Answer 2

the government increases its role in the economy including government spending on infrastructure

Question 3

what are the types of market based supply side policies

Answer 3

-reducing income tax
-reducing trade union powers
-reducing or removing minimum wage
-reducing by unemployment benefits
-cut employment legislation
-reducing corporation tax
-deregulation
-privatisation

Question 4

what are the interventionist supply side policies

Answer 4

-providing training and education
-encouraging research and development through subsidies and tax breaks
-providing and improving infrastructure