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.

SS
Answered by Sina S. Economics tutor

1816 Views

See similar Economics GCSE tutors

Related Economics GCSE answers

All answers ▸

Explain one benefit of the UK developing free-trade agreements with non-EU countries


Explain why food is price inelastic.


What are some of the sources of unemployment?


What kind of effect would a national minimum wage have, is it positive or negative ?


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