Supply-side Policies
The need to balance supply-side policies with demand-side policies is explained, alongside strengths and drawbacks of supply-side policies in relation to taxes and innovation and practical case studies illustrating supply-side policy in practice are presented.
Technique Overview
Supply-side Policies Definition
The term 'supply-side economics' describes economic policies designed to influence output and employment through their impact on the supply-side, as opposed to demand-side policies (Cook & Healey, 2001). We differentiate between demand-side policies and supply-side policies depending on the orientation government adopts in order to tackle economic issues. Conway (2009) associates the latter type of orientation to the reform of the supply side of the economy by making it freer and more efficient, and cutting high tax rates.
Supply-side Policies Description *
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Business Evidence
Strengths, weaknesses and examples of Supply-side Policies *
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Business Application
Implementation, success factors and measures of Supply-side Policies *
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Professional Tools
Supply-side Policies videos and downloads *
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Further Reading
Supply-side Policies web and print resources *
Supply-side Policies references (4 of up to 20) *
- Buxton, T. (1998) Britain's Economic Performance, Routledge, London.
- Chapin, R. (2010) Social Policy for Effective Practice: A Strengths Approach, Taylor & Francis, UK.
- Conway, E. (2009) 50 Economics Ideas You Really Need to Know, Quercus.
- Cook, M., Healey, N. (2001) Supply Side Policies, Heinemann.
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