Evalutation

Interventionist vs market based policy

interventionist policy

Human capital

Technology

research and development

Infrastructure

Industrial policies

Market based supply side policy

reduce income tax to create incentives for work or invest

Labour market reform to increase AS

policies to encourage competition and efficiency

Tax incentives to encourage foreign direct investment

possible reduction in living standards of lower income people

less progressive tax system

increasing inequality

benefit consumers (purchase at lower price)

labour dissentient on lack of protection

possible worsening of labour conditions

demand side vs supply side policy when stopping unemployment