Flashcards for:
Supply Side Policies Overview

By increasing incentives for work and investment, fostering enterprise and innovation, investing in skill development, boosting capital investment, intensifying product market competition, and enhancing economic efficiency.

Improving incentives for work and investment, encouraging enterprise and innovation, skill development, increasing capital investment, making markets more competitive, and enhancing overall economic efficiency.

To encourage startups and business expansions that foster creativity, introduce new products, and improve services, crucial for economic dynamism and growth.

Tax incentives are used to stimulate investment and innovation within critical sectors by reducing tax burdens, thus encouraging more capital expenditure and competitive practices.

Effective supply side policies enhance competitiveness, leading to better trade performance by producing goods and services more efficiently and attractively on the international market.

Privatization such as Royal Mail, tax incentives like patent box tax initiative and shale gas exploration, investment in apprenticeships, welfare reforms like the welfare cap, and infrastructure investments like transport and renewable energy.

Investing in human capital through education and training ensures that the workforce is competent and adaptable, meeting the evolving demands of the economy.

By increasing the productive potential of the economy through improved productivity and efficiency in various sectors.

Supply side policies make the labor market more efficient by improving skills, flexibility, and reducing barriers to employment, thereby lowering unemployment rates.

Market-led policies which provide more freedom to the private sector, interventionist approaches that tackle market failures, and mixed approaches combining elements of both.

By reducing logistical constraints, improving efficiency, and supporting enterprise through better transportation networks, energy supplies, and communications infrastructure.

By enabling non-inflationary growth which results from increased productivity and capacity, reducing upward pressure on prices.

Supply Side Policies are measures that aim to increase productivity and the quality of factors of production to enhance the productive capacity and capability of an economy, focusing on its structural, long-term performance.

Welfare reforms aim to make the benefits system more efficient, discourage dependency, and encourage job seeking, thus supporting a more dynamic labor market.

Privatization shifts enterprises from public to private management, often leading to increased efficiencies, innovation, and better resource allocation due to market competition.

Controlling inflation, achieving GDP growth, increasing employment, improving trade performance, equitable distribution of income, balancing the budget, improving public welfare, regional balance, enhancing public services quality, maintaining competitiveness, and addressing environmental issues.