supply-side economics

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supply-side economics

a branch of economics that focuses on the supply side of the economy and on tax reductions

supply-side economics

the idea that if the government reduces taxes, people will be able to make more goods and this will improve a country's economic situation. Theory that focuses on influencing the supply of labour and goods, using tax cuts and benefit cuts as incentives to work and produce goods. It was expounded by the U.S. economist Arthur Laffer (b. 1940) and implemented by Pres. Ronald Reagan in the 1980s. Supporters point to the economic growth of the 1980s as proof of its efficacy; detractors point to the massive federal deficits and speculation that accompanied that growth

supply-side economics

the school of economic theory that stresses the costs of production as a means of stimulating the economy; advocates policies that raise capital and labor output by increasing the incentive to produce

supply-side economics.

voodoo economics

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supply-side e-co-nom-ics