SUPPLY-SIDE ECONOMICS Definition & Meaning

supply-side economics

noun

functioning as singular a school of economic thought that emphasizes the importance to a strong economy of policies that remove impediments to supply

supply-side economics

An economic theory that holds that, by lowering taxes on corporations , government can stimulate investment in industry and thereby raise production, which will, in turn, bring down prices and control inflation . The theory also favors improvements in education and training to make workers more productive and reducing the welfare state (see also welfare state ) to spur individuals to work harder. Supply-siders focus on increasing the supply of goods rather than stimulating demand by granting subsidies to the public. Supply-side economics influenced the presidency of Ronald Reagan .

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Example Sentences

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Perhaps it was supply-side economics that did the trick.

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There's no need to keep pretending that "supply-side economics" actually work or that climate change isn't real.

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And he embraced supply-side economics, which calls for increasing the supply of goods and services while cutting taxes to promote job creation, business expansion and entrepreneurial activity.

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Reagan, Nixon, a Bush and a Shrub drilled into me the inadequacies and inequities of supply-side economics while also pounding me over the head with misogyny, racism, greed, fear, idolatry and fascism.

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Supporters of this middle housing legislation say market forces and supply-side economics will one day lower housing prices for everyone.

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