Supply Side Policies Flashcards
1
Q
How can they work?
A
Deregulation - involves getting rid of rules imposed by the government that can restrict efficiency and competitiveness in a market.
Privatisation- more efficient and less wasteful many economists believe
Flexibility of labour
2
Q
What is a supply side policy?
A
Aim to shift aggregate supply to the right - they aim to increase the total amount of firms willing to supply at a particular price
