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Supply side policies and its economic impact.
Member rating: No Rating | Words: | Submitted: Wed Oct 29 2003
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Written by: Eisa Asadi Appointed 2nd group manager SUPPLY SIDE POLICIES AND ITS ECONOMIC IMPACT Supply side policies are those that improve the supply side of the economey. There are the two forms of supply side policy. Supply side policies of the product market and that of the labour market, which can directly influence the national economy. All the supply side policies of the product market are design to increase competition and therefore productivity. An increase in productivity will mean that an industry is able to produce more with a given amount of resources. Privatisation is a major supply side policy of the product market side that is intended to increase the productive potential of the economy and consequently lead to a higher rate of economic growth. Privatisation actually break up state regulated monopolies into privately own enterprises and this would eventually mean that the intensity of competition among...
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