... policies include any action by the government that intends to increase the amount that firms are willing to supply at any given price
Supply side
1 of 9
... policies include increasing flexibility and signalling, increasing competition and improving incentives
Market based
2 of 9
Increased price flexability and ... : Using prices to allocate resources
Signalling
3 of 9
Increasing ... : Firms will either cut costs or become more innovative e.g. Deregulation and privatisation
Competition
4 of 9
Improving ... : Giving higher rewards e.g. Cutting income or reducing corporation tax
Incentives
5 of 9
... policies include: Improving training and education, Improving health and introducing performance related pay, Regulation and Improving infrastructure
Interventionist
6 of 9
Improving ... and ... : Can be expensive and have a time lag but will be good in the long term
Education Training
7 of 9
... of Supply-side policies: Usually very effective, increased competition, reduce prices, lower inflation and higher economic growth
Strengths
8 of 9
... of Supply-side policies : They have a time lag, with demand deficient unemployment it doesn't work and can cause poverty and inequality
Weaknesses
9 of 9
Other cards in this set
Card 2
Front
... policies include increasing flexibility and signalling, increasing competition and improving incentives
Back
Market based
Card 3
Front
Increased price flexability and ... : Using prices to allocate resources
Back
Card 4
Front
Increasing ... : Firms will either cut costs or become more innovative e.g. Deregulation and privatisation
Back
Card 5
Front
Improving ... : Giving higher rewards e.g. Cutting income or reducing corporation tax
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