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Supply-side economics

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

supply-side economics definition

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 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.


Read Also:

  • Supply-sider

    [suh-plahy-sahy-der] /səˈplaɪˌsaɪ dər/ noun 1. a person, especially an economist, who advocates supply-side economics.

  • Supply teacher

    noun 1. a teacher employed to replace other teachers when they are absent

  • Support

    verb (used with object) 1. to bear or hold up (a load, mass, structure, part, etc.); serve as a foundation for. 2. to sustain or withstand (weight, pressure, strain, etc.) without giving way; serve as a prop for. 3. to undergo or endure, especially with patience or submission; tolerate. 4. to sustain (a person, the […]

  • Supportability

    adjective 1. capable of being supported; endurable; maintainable. adjective 1. able to be supported or endured; bearable

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