Supply-side economics market freedom, Macroeconomics

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.

 

 

Posted Date: 9/18/2012 7:14:43 AM | Location : United States







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