Do you know the Minute Details of Supply Side Theory? Get it Here…

1. Do you know the Minute Details of Supply Side Theory? Get it Here… In order to facilitate economic growth, the Government of a nation can either choose to focus on the demand side or, the supply side of the economy. The Supply Side Policies can be narrowed down to spending on factors such as the military, social programs, or civil development. It can also be focussed on taxes by changes in tax rates or tax cuts or on the money supply, i.e. the amount of money in circulation. The Supply Side Theory believes that supply promotes demand. Thus any government adopting this theory requires designing policies that will result in increased production. They also opt for consistent programs of tax cuts thus enabling businesses to save money which could further be invested in newer businesses thus pushing the economy towards further growth.

2. History of Supply Side Economics: Economists from the 18th and 19th centuries were often of the opinion that supply was of more importance than demand. The demands proposed by consumers were secondary to the necessities of production. This idea, as per classical economic schools of thought was the basis of Supply Side Economics. Between the eras of the inception and implementation of this idea, governments across nations chose to focus on the demands of consumers as a consequence of The Great Depression. This period witnessed mass scale losses of employment opportunities, financial insecurity, and instability. The essential forces of supply and demand lost balance and in due course power. Some eminent economists such as John Maynard Keynes too suggested the focus be shifted to the demand side of the economy. You can read the full content: https://businessupside.wordpress.com/2020/12/30/do-you-know-the-minute-details-of-supply-side- theory-get-it-here/ •••••••••••••••••••••••••• Business Upside Email ID: support@businessupside.com Phone No.: +1-425-605-0775 Visit Us: https://www.businessupside.com/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/channel/UCuSkeS5oU-B2tRIBDYntmaw https://twitter.com/BusinessUpside1