Back

Supply-Side Policy | O Level Economics 2281 & IGCSE Economics 0455 | Detailed Free Notes To Score An A Star (A*)

Views 0
  • Supply side policy
    • Increases supply
    • Productivity increase
    • Focuses on long-term economic growth
  • Types of policies
    • Investment in public sector
      • Infrastructure improved
      • Information and resources flow faster
    • Education improved
    • Vocational training improved
      • Skills improved
    • Health system improved so les workers are off due to health issues
      • Reduces spending on illnesses etc.
    • Investment on housing
      • So population can move geographically
    • Privatization
      • Involve the private sector, increase incentive, lower cost and make it more profit-generating
    • Income tax reduced
      • So people can focus on more working to create more money so labor supply increases
    • Subsidies
      • Granting money to reduce prices to ensure that supply increases
    • Deregulation
      • Lows and regulations are reduced so businesses can work more and reduce costs
    • Trade barriers removed
      • More competition
      • More productivity
      • More efficiency
      • More production if retaliation reduced
    • Labor market reforms
      • Reduce union power so more people are willing to hire workers
      • Reduce business costs
      • Minimum wages reduced
      • All these factors allow businesses to hire more
  • Such policies increase
    • Economic growth
    • Production capacity increases for long-term
    • Reduces unemployment by creating more jobs
    • More exports and less imports can improve balance of payments
    • Government can have large budget deficit as taxes reduce and spending of government increases.
      • Market failure may occur.
Hunain Zia

Hunain Zia has previously achieved considerable success in the high-school educational stream, gaining a massive 154 Total A Grades and 7 Major Distinctions, a process in which he broke/ set 11 different world records, including the most A grades ever achieved, most subjects ever appeared in, most distinctions, gaining distinctions across two separate boards (Pearson Edexcel and CAIE) within the same year/ ever, and even 19 hours of constant examination. All records stand intact today. Hunain pursued his Honors Accounting Degree from the prestigious Bentley University, and then completed an LLB (in Honors) from University of London. Currently, he manages multiple social and commercial projects, has founded digital streams and works tirelessly in the education sector.

Educate A Change focuses on truly bringing change in the educational sector worldwide. All our courses are designed to ensure success, and provide complete preparation without requiring any other external material. Therefore, it takes away the expense of academies, books, past paper compilations and other miscellaneous items. Instead, by just the courses we offer, the student can prepare fully for the best grades in their CAIEs, Edexcel and other high-school exams. The earnings from our course-sales are invested in social projects and growing the free educational activities of Educate A Change.