Supply-side economics is a macroeconomic concept, which claims that economic growth can be incentivized by reducing taxes and regulations. It also focuses on taxing the high-income population less than the low-income one because the former is the primary supplier. The policy implications are manifested in the wealthy population being taxed the least, whereas the large corporations become even more unregulated.
Explain the concepts behind supply-side economics and discuss its policy implications.
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Academic.Tips. 2021. "Explain the concepts behind supply-side economics and discuss its policy implications." September 23, 2021. https://academic.tips/question/explain-the-concepts-behind-supply-side-economics-and-discuss-its-policy-implications/.
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