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Supply-side policies (Evaluation (Ability to create employment (Market…

- - - - Increases quality of human capital
      - Reduces unemployment
    - - Reduces unemployment: labour market reforms
      - Increases unemployment: encouraging competition
        
        firms cut costs by firing workers
      - Possibly alleviated over long term due to sustained actual growth
  - - - increases skills, reduces unemployment
      - Reduces inequality
    - - Worsens income distribution
      - Tax cuts make system less progressive, reducing redistributive effects for personal income tax
- - - - May improve management and operation (less bureaucracy)
    - - Economic: allowing private firms to enter monopolistic/oligopolistic industries (competitive pressure)
      - Social: reduces cost, increases AS