Q: 20 (IAS/1998)
question_subject:
Economics
question_exam:
IAS
stats:
0,133,74,133,14,54,6
keywords:
{'side economics': [0, 1, 0, 0], 'global economy': [0, 1, 1, 3], 'consumer': [1, 2, 2, 5], 'supply': [3, 1, 0, 7], 'producer': [6, 1, 4, 9], 'greater emphasis': [0, 1, 1, 0]}
Supply-side economics primarily focuses on the perspective of producers. It emphasizes policies and measures that aim to increase the production and supply of goods and services in an economy. The key belief is that by creating favorable conditions for producers, such as reducing taxes and regulations, promoting investment, and encouraging entrepreneurship, it will lead to economic growth, job creation, and overall prosperity. The goal is to stimulate supply, which is believed to have positive effects on the overall economy, including benefits for consumers and the global economy. However, the primary emphasis is on the viewpoint of producers and their role in driving economic growth.