Key economic poliies Flashcards
1
Q
Monetarism
1980-82
A
An attempt to bring down inflation by controlling the money supply in the economy
Less money in society = money has a higher value and prices fall
Conservatives sought to reduce money supply by spending cuts and raising interest rates (to decrease borrowing)
2
Q
Privatisation
First Term: Small Scale
From mid-80s: Key Policy
A
Transferring a business/industry from government to private control
3
Q
Deregulation
1986 onwards
A
Removing state regulations and restrictions on the economy and businesses → free market
