Supply-Side Policies

Question 1

What is supply-side policy?

Answer 1

Supply side policies are economic strategies aimed at increasing the productive capacity of an economy by improving the ability to produce goods and services

Question 2

What is productivity?

Answer 2

Productivity is the efficiency of production, often measured as output per worker or per hour worked

Question 3

What is labour market reforms?

Answer 3

Labour market reforms changes to policies or regulations to make labour markets more flexible and efficient

Question 4

What are incentives?

Answer 4

Incentives are measures designed to encourage individuals or businesses to perform certain actions, like tax cuts

Question 5

What is training and internship?

Answer 5

Training and internships are practical skills development to prepare individuals for specific job roles

Question 6

What are examples of supply-side policies?

Answer 6

Tax cuts
Deregulation
Investment in education or infrastructure

Question 7

What are the types of supply-side policies?

Answer 7

Market-based policies
Interventionist Policies

Question 8

What are market-based policies?

Answer 8

These reduce government intervention
Aimed to make markets more competitive and efficient

Question 9

What are interventionist policies?

Answer 9

Direct government action to improve economic productivity
Aimed to address market failures and long-term growth

Question 10

What are examples of market-based policies?

Answer 10

Privatisation
Deregulation
Income Tax Cuts
Removal of Red Tape
Flexible Labour Markets
Free-Trade agreements

Question 11

What are examples of interventionist policies?

Answer 11

Public sector investment
Education
Vocational Training
Housing Supply
Health Spending