Encyclopedia - Business/Economics Category

Business/Economics - learn from the smartest.

Upgrade to Britannica Online

Take a tour, New improved britannica online

Imagine Britannica's 32-volume encyclopedia online right there for you, plus full access to articles. Amazing content, written by world experts, that you can cite for projects and assignments.

Click here for Britannica shop

supply-side economics

supply-side economics extract from Britannica Online.

Theory that focuses on influencing the supply of labour and goods, using tax cuts and benefit cuts as incentives to work and produce goods. It was expounded by the U.S. economist Arthur Laffer (b. 1940) and implemented by Pres. Ronald Reagan in the 1980s. Supporters point to the economic growth of the 1980s as proof of its efficacy; detractors point to the massive federal deficits and speculation that accompanied that growth.

supply-side economics is one of 26,000 free short articles on Britannica Philippines

Find more information on supply-side economics. Upgrade to Britannica Online for more on supply-side economics.

  • Get more

  • M?ss?ng more?

    Subscribers see 10 times more content. Just US $69.95 per year

  • Britannica, just as colourful as The Philippines
  • There's more to Britannica Online than words! Discover photos, graphics, videos, charts, as well as thousands of expert views and articles by the world's leading scholars.