Pages in this set

Page 1

Preview of page 1
Supply side policies

Supply side policies attempt to influence an economy's potential output by increasing the
quantity and quality of its factors of production. Exploiting natural resources.

Policies and their usefulness.

1. Education and training. Expensive but produces a more skilled workforce.
2. Welfare. Reducing benefits encourages people to work.…

Page 2

Preview of page 2
education and training and if goods can be imported more cheaply it may not be worth it. Also,
boosting the economy only works if there are jobs available for people to take. In addition the
move towards privatisation may have made the running of services more efficient but it has…

Page 3

Preview of page 3

These policies are subject to time lag. It's hard to see any difference in the economy for a while
then suddenly the effect is evident.

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »See all resources »