Supply-side economics market freedom, Macroeconomics

Assignment Help:

What is Supply-side Economics Market Freedom?

Markets must be allowed to work more freely and steps taken to improve this efficiency by:

 

  1. freeing them from government controls (e.g. income policy, minimum wage regulations, pricing policies of the nationalized industries);

  2. promoting competition;

  3. restricting the power of trade unions;

  4. the privatization program;

  5. introducing competition in the natural monopolies by new devices;

  6. removing institutional barriers in the capital market (e.g. exchange control, the Stock Exchange);

  7. using the rate of interest (the price of liquid capital) as the main weapon for adjusting aggregate demand.

 

 


Related Discussions:- Supply-side economics market freedom

Aggregate production function, The aggregate production function Defin...

The aggregate production function Definition Imagine the national economy during a short period of time (say one week). We refer:  L: total amount of work used duri

Help .., I need help with Creating a table showing the CAGR of GDP by decad...

I need help with Creating a table showing the CAGR of GDP by decade and over the entire period of time

Theory of aggregate demand, unplandned change in inventory are coutned as i...

unplandned change in inventory are coutned as investment spending by firms

How to calculate the total income of the economy, Consider an economy that ...

Consider an economy that having only of those who bake bread and those who make its ingredients. Assume that this economy's production is as follows: 1 million loaves of bread

Prices in the market, Who sets the prices in the market and what is the nat...

Who sets the prices in the market and what is the nature of competition? Is it buyer versus sellers or buyer versus buyers? What happens if the price is too high or too low? Is the

How unemployement increases by firm relocating production, How unemployemen...

How unemployement increases by firm relocating production If unemployment increases in a specific city because of a firm relocating production, it's structural unemployment tha

Monetary policy vs. fiscal policy, Monetary Policy Vs. Fiscal Policy Ac...

Monetary Policy Vs. Fiscal Policy According to monetarists, money is very important in determining the level of aggregate demand and that monetary policy is very potent. In con

Define the labor market, Q. Define the Labor Market? A significant macr...

Q. Define the Labor Market? A significant macroeconomic variable is the total amount of labor which is used in a certain time period. Amount of labor and amount of capital are

Lloyd''s of London, what characteristic of Lloyd''s of london business orga...

what characteristic of Lloyd''s of london business organization was responsible for the financial losses suffered by the Names who had invested in Lloyd''s?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd