USA HISTORY

Detailed explanation-1: -The supply-side theory is a macroeconomic theory that stresses the importance of increasing production through corporate tax cuts, deregulation, and low capital borrowing rates, to boost economic growth.

Detailed explanation-2: -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-3: -The 4 economic theories are supply side economics, new classical economics, monetarism and Keynesian economics.

Detailed explanation-4: -In supply-side economics, the goal is to provide consumers with more products and service options to purchase by encouraging businesses to spend money on production and research. In contrast, demand-side economics focuses on helping consumers maximize their income by reducing taxes to spend more on goods and services.

Detailed explanation-5: -By making the economy more efficient, supply-side policies will help reduce cost-push inflation. For example, if privatisation leads to more efficiency it can lead to lower prices.