Year 11 Exam > Year 11 Videos > Economics for GCSE/IGCSE > Supply-side Policy Measures
Supply-side Policy Measures Video Lecture | Economics for GCSE/IGCSE - Year 11
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FAQs on Supply-side Policy Measures Video Lecture - Economics for GCSE/IGCSE - Year 11
| 1. What are supply-side policy measures? |  |
Ans. Supply-side policy measures refer to government actions aimed at increasing the efficiency and productivity of producers in an economy. These measures focus on reducing barriers to production, such as regulations and taxes, in order to stimulate economic growth.
| 2. How do supply-side policy measures differ from demand-side policies? | |
Ans. Supply-side policy measures focus on increasing the capacity of an economy to produce goods and services, while demand-side policies focus on stimulating consumer demand through measures such as fiscal stimulus and monetary policy.
| 3. What are some examples of supply-side policy measures? | |
Ans. Examples of supply-side policy measures include reducing corporate taxes, deregulating industries, investing in education and training programs, and promoting research and development.
| 4. How do supply-side policy measures impact economic growth? | |
Ans. Supply-side policy measures can lead to increased productivity, lower production costs, improved competitiveness, and higher levels of investment, all of which can contribute to long-term economic growth.
| 5. What are the potential drawbacks of supply-side policy measures? | |
Ans. Critics argue that supply-side policy measures can lead to income inequality, environmental degradation, and reduced government revenue if not implemented carefully. Additionally, the benefits of such measures may take time to materialize and may not be evenly distributed across the population.
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Dec 18, 2024 Last updated |
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