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







Related Discussions:- Supply-side economics market freedom, Assignment Help, Ask Question on Supply-side economics market freedom, Get Answer, Expert's Help, Supply-side economics market freedom Discussions

Write discussion on Supply-side economics market freedom
Your posts are moderated
Related Questions
INTERDEPENDENCE OF MACROECONOMICS AND MICROECONOMICS In microeconomics, the underlying assumption is that the total output, total employment and total spending are given. It th

compare and contrast the monetarism economics and the keynesian economics

I''m having trouble understanding the supply curve

Differentiate economic growth and economic development. Economic growth is a raise into real GDP. GDP is only one dimension of development and therefore is a narrow measure of

state the term fall in the exchange rate A fall in the exchange rate must make UK exports price competitive in international markets and increase demand for them. This should

Q. What is national income? What are the different methods of measuring national income? National income is the aggregate money value of the annual flow of final goods and serv

Neo-classical synthesis is a synthesis of classical model and Keynesian model. In brief, it states that Keynesian model is correct in the short run whereas the classical analysis i

WHAT IS THE CENTRAL PROPOSITION OF THE ORTHODOX KEYNESNIANS?

disuss with an aid of a diagram the kinked demand curve

Review the Federal Reserve Board website. Identify at least five key pieces of data (links) you would use in microeconomic decision making on the Web site, and tell what data that