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Supply Side policies - Coggle Diagram
Supply Side policies
Policies to create greater flexibility in the labour market
s
Abolishing minimum wage
Reducing the power of labour unions
Reducing unemployment benefits
Long-term
goals
Increasing competition and efficiency
Reducing labour costs and unemployment through labour market flexibility
Reducing inflation to improve international competitiveness
Policies to encourage competition
Trade liberalisation
Trade liberalisation
Anti-monopoly regulation
Deregulation
Privasion
Incentive-related supply-side policies
Decreasing the capital gains tax
Cuts to business tax and capital gains tax
Personal income tax cuts