The purpose of supply-side policy
The purpose of supply-side policy
Supply-side policy consists of government measures designed to raise the economy's productive capacity and efficiency over the long run. Productive capacity is the most an economy can produce when its land, labour and capital are used fully and efficiently.
Step-by-step lessons on OCR GCSE Economics 3.7.1 What are supply side policies. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.