Supply-Side Economics
Supply-Side Economics is an economic theory that emphasizes boosting economic growth by increasing the supply of goods and services. It suggests that lower taxes and less regulation encourage businesses to invest, produce, and hire more workers. This, in turn, can lead to job creation and increased overall economic activity.
Proponents of supply-side economics argue that when producers have more capital, they can expand their operations and innovate. This approach gained popularity during the presidency of Ronald Reagan in the 1980s, often referred to as "Reaganomics," which aimed to stimulate the economy through tax cuts and deregulation.