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Evalutation (Interventionist vs market based policy (interventionist…
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
possible reduction in living standards of lower income people
less progressive tax system
increasing inequality
Labour market reform to increase AS
labour dissentient on lack of protection
possible worsening of labour conditions
policies to encourage competition and efficiency
benefit consumers (purchase at lower price)
Tax incentives to encourage foreign direct investment
demand side vs supply side policy when stopping unemployment