4.4.1 Definition of supply-side policy
Unit 4.4.1 - Definition of supply-side policy Supply-side policies refer to the long-term measures used by a government to achieve an increase in the economy's productive capacity through improving the quantity and/or quality of factors of production. These macroeconomic policies focus on factors that influence the economy's national output of goods and services (or gross domestic product) in the long run, ultimately...