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Micro Economics

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Supply Side Policies Aimed at increasing the aggregate supply in an economy by
improving the efficiency in the labour markets and the product markets.
Supply Side polices are aimed at lowering firms costs and increase the efficiency of
the workforce.
Examples:
Education and training Increase productivity Increase Output
Changes in welfare (de/in) creases incentive to work
Privatisation more efficient
Deregulation Removes rules for firms = more freedom
ADVANTAGES
-reduces inflationary pressures
-Creates more jobs
-Increases Output
-Higher levels of competitiveness
DISADVANTAGES
-Long time to work
-Very Costly
-increases the gap between rich and the poor
Commentary
-Does it affect the incentives to work?
-Monopolies = Inefficiency
-Money well spent?
Monetary Policy The central banks/governments decision on money supply, intrest
rates and supply side policies

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Supply Side Policies – Aimed at increasing the aggregate supply in an economy by improving the efficiency in the labour markets and the product markets. Supply Side polices are aimed at lowering firms costs and increase the efficiency of the workforce. Examples: Education and training – Incr ...
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