SUPPLY SIDE POLICIES
- Created by: Tunji - Team GR
- Created on: 12-03-13 20:55
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- SUPPLY SIDE POLICIES
- INCREASING LABOUR MARKET FLEXIBILITY
- WEAKEN TRADE UNION POWER
- REDUCING UNEMPLOYMENT BENEFITS
- INVEST IN EDUCATION & IMPROVE QUALITY OF FUTURE LABOUR
- THIS MEANS FUTURE WORKERS WILL HAVE BETTER SKILLS
- IMPROVES THE QUALITY OF LABOUR
- INVEST IN INFASTRUCTURE (ROADS AND OTHER TRANSPORT FACILITIES)
- IMPROVING THE EFFICIENY OF TRANSPORTATION = SUCCESSFUL SUPPLY SIDE POLICY
- HELP BUSINESSES REDUCE COSTS AS TRANSPORT WILL BE QUICKER (COST OF PETROL AND DRIVING)
- VERY EXPENSIVE AND DISRUPTS LOCAL AREA IN TIME IT TAKES TO BUILD ROAD/NOISE AND AIR POLLUTION
- IMPROVING QUALITY OF ROADS WILL SLOW THE RATE AT WHICH VEHICLES DEPRECIATE (WEAR & TEAR)
- GIVING SUBSIDIES TO HELP BUSINESSES REDUCE COSTS
- VERY EXPENSIVE IN THE SHORT RUN HOEVER THE BUSINESS CAN PAY THE GOV. BACK WITH TAX
- IF THE IDEA IS GOOD ENOUGH THEN A BANK WILL LEND MONEY
- IF A BANK SAYS NO WHY SHOULD THE GOV. SAY YES
- INCREASING LABOUR MARKET FLEXIBILITY
- DECREASING THE N.M.W
- INCREASING LABOUR MARKET FLEXIBILITY
- WEAKEN TRADE UNION POWER
- REDUCING UNEMPLOYMENT BENEFITS
- INCREASING LABOUR MARKET FLEXIBILITY
- THESE ACTIONS ARE LIKELY TO REDUCE THE WAGE RATE AND FORCE PEOPLE TO ACCEPT LOWER WAGES
- DECREASING THE N.M.W
- DECREASING THE N.M.W
- AN EFFECTIVE POLICY HOWEVER REMOVES SOME RULES THAT WERE PUT TO PROTECT WORKERS
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