Difference between revisions of "Supply-side economics"
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− | Supply-side economics consists of creating incentives to increase production or supply of goods and services. | + | Supply-side economics consists of creating incentives to increase production or supply of goods and services. These incentives are typically lower taxes and less regulation. President Ronald Reagan popularised supply-side economics in the early 1980s. Liberal economists typically describe supply-side economics as a failure, citing biased reports and studies. |
Revision as of 06:23, March 17, 2007
Supply-side economics consists of creating incentives to increase production or supply of goods and services. These incentives are typically lower taxes and less regulation. President Ronald Reagan popularised supply-side economics in the early 1980s. Liberal economists typically describe supply-side economics as a failure, citing biased reports and studies.