ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Supply side policies are government policies which seek to increase the productivity and efficiency of the economy. Supply side policies aim to increase long term competitiveness and productivity, and in the long run supply side policies can help increase the level of employment in an economy as firms expand and grow.

Detailed explanation-2: -Supply Side Policy (SSP) refers to measures governments take to increase the availability or affordability of goods and services, along with generous tax reform, which refers to tax cuts and changes in tax laws that may encourage or discourage productive behavior.

Detailed explanation-3: -expansionary fiscal policy the use of fiscal policy to expand the economy by increasing aggregate demand, which leads to increased output, decreased unemployment, and a higher price level. Expansionary fiscal policy is used to fix recessions.

Detailed explanation-4: -Supply-side economics is a theory that maintains that increasing the supply of goods and services is the engine for economic growth. It advocates tax cuts as a way to encourage job creation, business expansion, and entrepreneurial activity.

Detailed explanation-5: -A demand-side policy is an economic policy focused on increasing or decreasing aggregate demand to influence unemployment, real output, and the general price level in the economy. Demand-side policies are fiscal policies that involve taxation and/or government spending adjustments.