What are supply side polcies?

These are policies imposed by the government in order to increase the productive potential of the economy. In simple terms, it is basically a way of making people work better and for companies to produce more of their goods and services. So an example would be if the government decided to invest in free training courses for underskilled workers to train them in new skills, allowing them to be more productive and therefore produce more of a given good.

Answered by Sina S. Economics tutor

1765 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

What are the Four factors of production?


What's the difference between direct and indirect taxation


Explain the effect of a subsidy on equilibrium price and quantity in a demand and supply model.


What is meant by the term opportunity cost?


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences