What Are Supply Side Economics – Involves policies aimed at increasing aggregate supply (AS), a shift from left to right. It is based on the belief that higher levels of production lead to higher rates of economic growth. They aim to increase the productive capacity of the economy by promoting what they see as a better business climate… Read More »
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What Are The Types Of Supply In Economics – The law of supply and demand combines two basic economic principles that describe how changes in the price of a resource, commodity or product affect its supply and demand. When the price goes up, the supply goes up, and the demand goes down. Conversely, when the price falls, supply… Read More »