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supply side policy - Coggle Diagram
supply side policy
cut direct taxes on incomes and benefit
cutting corporation tax encourages firms to invest and multinational companies to move to UK
economic growth and employment both rise
competition ploicy
control of monopolies increase competition
lower price(lower inflation) and possibly less unemployment
education and training
higher skill/ higher quality of worker
increase productivity and economy growth, reduce unemployment
reducing trade union power
reduce the number of strike and other industry disputes
higher economic growth
reducing both direct tax on income and benefit
lower tax increase the incentive to work as lower benefit from not working
reduce unemployment
privatisation
increase competition leading to greater efficiency and output and lower price
exports are more competitive helping to improve the balance of payment .
improve transport facilities
helps to increase the mobility of the factor of production
economic growth and improved balance of payment.